Crude palm oil prices dropped amid profit booking on adequate stocks in the physical market and on higher supplies from major growing regions.
According to latest data released by SEA, during November-February, palm oil import has marginally increased to 29,60,002 tonnes.
Malaysia palm oil export to India surged 5.26% to 68,950 tons during Mar 1-15 compared to 65,500 tons a month ago.
Crude palm oil prices in spot market gained by 1.30 rupees and settled at 516.60 rupees.
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