Crude Palm Oil On MCX Settled Up By 0.42% At 524.6

Crude palm Oil on MCX settled up by 0.42% at 524.6 on hope of improvement in demand. Palm oil prices were up after Malaysian government hinted on rise in the minimum bio content in bio-diesel, which will boost palm oil consumption. The government of world's second biggest palm oil supplier said that it would still raise the minimum bio-content to 10% for the transport sector this year, but not in July as initially expected.

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