Crude Palm Oil Ended With Losses On Profit Booking After Prices Gained

CPO trading range for the day is 631.2-654.8.

Crude palm oil ended with losses on profit booking after prices gained as the Malaysia’s output in October unexpectedly dropped.

The Malaysian Palm Oil Board announced on Monday that stockpiles and production in October unexpectedly dropped.

Stockpiles stood at 2.3 million tonnes at the end of October, down 4.1% from the previous month.

Crude palm oil prices in the spot market dropped by 0.80 rupees and settled at 637.50 rupees.

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