Crude Palm Oil Recovered On Short Covering After Prices Dropped Tracking

CPO trading range for the day is 489.1-501.9.

Crude palm oil recovered on short covering after prices dropped tracking weakness in Malaysian palm oil weighed down by higher inventory levels in June.

Malaysian stockpiles at end-June eased 0.97% on-month to 2.42 million tonne.

Malaysia's July 1-10 palm oil exports seen at 367,950 tonnes versus June 1-10 at 376,802 tonnes

Crude palm oil prices in spot market dropped by 2.00 rupees and settled at 491.00 rupees.

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