- CPO trading range for the day is 516.9-522.9.
- Crude palm oil ended with gains supported by pick-up in demand at the spot market.
- Moreover, expectation of higher demand for coming festival season and higher import duty also supports prices.
- Recently government raised import duty on crude palm oil to 15% from 7.5%, and on refined palm oil to 25% from 15%.
- Crude palm oil prices in spot market gained by 2.10 rupees and settled at 520.00 rupees.
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