Crude palm oil prices dropped due to profit booking amid sluggish demand in the spot market.
Palm oil purchases by India probably fell in December, the first decline in 2015, as record stockpiles prompted traders and refiners to slow shipments.
Malaysia palm oil exports during Jan 1-15 rose 4.3% from a month earlier on improved demand from China, India & subcontinent, and Middle East, DowJones reported.
Crude palm oil prices in spot market gained by 1.40 rupees and settled at 421.40 rupees. For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co
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