Crude palm oil prices dropped on profit booking after prices gained on anticipation of import hike for the edible oil.
The oil palm industry has asked the Centre to increase the duty to 45% from the current 12.5%.
Exports of Malaysian palm oil products for Feb. 1-20 fell 10.8 percent to 594,944 tonnes, from 666,816 tonnes for Jan. 1-20.
Crude palm oil prices in spot market dropped by 0.90 rupees and settled at 483.40 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
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