Crude Palm Oil On MCX Settled Down By -0.38% At 527.8

Crude palm Oil on MCX settled down by -0.38% at 527.8 due to profit booking after prices gained in last some sessions on higher demand following improved Malaysian palm oil export data. Besides, sufficient stocks position following higher supply from the producing regions too fuelled the downtrend. Malaysia palm oil exports during July 1-31 climbed 15.4% compared to a month earlier on improved demand from European Union, data showed. Malaysia palm oil exports rose to 1.28 million tons during July 1-31 compared to same period a month ago, Dow Jones reported citing data from cargo surveyor SGS.

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