CPO On MCX Settled Down -0.86% At 561.9

CPO on MCX settled down -0.86% at 561.9 on profit booking tracking weakness in spot demand despite supply concerns from Malaysia. Malaysia palm oil exports during Aug 1-31 climbed 27.55% compared to a month earlier on improved demand from China, European Union and India and Subcontinent, data showed. Malaysia palm oil exports rose to 1.62 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.

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