Crude Palm Oil On MCX Settled Down By -0.07% At 559.3

Crude palm Oil on MCX settled down by -0.07% at 559.3 tracking weakness in spot demand and overseas prices. Demand may slow down going considering palm oils discount to soy and rape has narrowed down significantly. Malaysia palm oil exports during Aug 1-15 climbed 30.6% compared to a month earlier on improved demand from China and India and Subcontinent, data showed. Malaysia palm oil exports rose to 733,369 tons during Aug 1-15 compared to 561,471 million tons for the same period a month ago, Dow Jones reported citing data from Intertek, a private surveyor.

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