Crude Palm Oil On MCX Settled Down By -0.57% At 562.5

Crude palm Oil on MCX settled down by -0.57% at 562.5 taking negative cues from spot market on sluggish demand. Besides, adequate stocks position on higher supplies from producing regions also weighed on crude palm oil prices. However, sharp fall in the oil prices was cushioned by robust demand following improved Malaysian palm oil export data. Malaysia palm oil exports during Aug 1-25 climbed 31.09% compared to a month earlier on improved demand from China, European Union and India and Subcontinent, data showed. Malaysia palm oil exports rose to 1.31 million tons during Aug 1-25 compared to 1.004 million tons for the same period a month ago, Dow Jones reported citing data from Intertek, a private surveyor.

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