Crude Palm Oil On MCX Settled Down By -1.01% At 518.6


Crude palm Oil on MCX settled down by -1.01% at 518.6 on subdued demand following weak Malaysian palm oil imports data and on easing supply worries from top producer. Prices of palm oil were also down as Malaysia's crude palm oil output in May jumped, a data released by the Malaysian Palm Oil Board showed. Malaysia palm oil exports during June 1-10 slipped 6% compared to a month earlier on weak demand from India & Subcontinent while output during May jumped, data showed. Malaysia palm oil exports jumped to 368,316 tons during June 1-10 compared to 391,222 tons for the same period a month ago, Dow Jones reported citing data from Intertek, a private surveyor. Malaysia palm oil exports to India slumped 16.93% to 120,866 tons during June 1-10 compared to 145,500 tons a month ago.

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