CPO On MCX Settled Down -0.16% At 571

CPO on MCX settled down -0.16% at 571 on late profit booking after prices gained on robust demand and on speculation of lower stockpiles in Malaysia. Malaysia palm oil exports during Aug 1-31 climbed 27.55% compared to a month earlier on improved demand from China and India and Subcontinent, data showed. Malaysia palm oil exports rose to 1.62 million tons during Aug 1-31 compared to 1.27 million tons for the same period a month ago, Dow Jones reported citing data from Intertek, a private surveyor. China's palm oil imports from Malaysia during Aug 1-31 jumped 12.05% to 243,600 tons compared to 217,400 tons in the same period a month ago.

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