Crude Palm Oil On MCX Settled Down By -0.49% At 507.5

Crude palm Oil on MCX settled down by -0.49% at 507.5 driven by a fall in demand in the spot market. Further, adequate stocks position on higher supplies from producing regions too fuelled the downtrend. Malaysia palm oil exports during June 1-20 slipped 8.7% compared to a month earlier on subdued demand from India and Subcontinents, data showed. Malaysia palm oil exports dropped to 717,407 tons during June 1-20 compared to 785,757 tons for the same period a month ago, Dow Jones reported citing data from Intertek, a private surveyor.

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