Crude Palm Oil On MCX Settled Up By 0.37% At 509

Crude palm Oil on MCX settled up by 0.37% at 509 on short covering after prices dropped on subdued export demand and on higher supply from top producers. 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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