CPO trading range for the day is 503.8-516.2.
CPO dropped tracking weakness in spot demand but downside was limited after data showed showing inventory had dropped more than expected.
Stocks in the world's No.2 producer fell 9.4 percent to 1.65 million tonnes in June.
Malaysia's palm oil exports during July 1-10 declined by 16% from the same period in June to 3.52 lakh metric tonnes.
Crude palm oil prices in spot market dropped by Rs 1.70 and settled at 510.30 rupees.
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