CPO trading range for the day is 543.4-554.
CPO dropped tracking weakness in spot demand and overseas prices following weaker competing soy markets in China and the United States
Floods could tighten palm oil supplies by disrupting harvesting and transportation of palm fruit to mills
Technically market is under long liquidation as market has witnessed drop in open interest by -5.91% to settled at 1973
Crude palm oil prices in spot market dropped by 2.90 and settled at 547.00 rupees.
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