- CPO trading range for the day is 636.7-646.7.
- Crude palm oil dropped tracking weakness in spot demand and overseas prices due to a rise in Malaysian production.
- Malaysia had suspended duties on palm oil exports for three months, and announced it would once again impose a duty of 5 percent.
- Palm oil output in Indonesia, is expected to rise by 5% during 2018-19 compared to previous year on expectation of higher yield.
- Crude palm oil prices in spot market dropped by 1.90 rupees and settled at 639.90 rupees.
- BUY CPO MAR 2018 @ 640.00 SL 636.00 TGT 644.00-648.00.MCX
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