On MCX Settled Down By -0.23% At 563.4

On MCX settled down by -0.23% at 563.4 on profit booking after gaining on robust demand in export market and on supply concerns from Indonesia. Prices of palm oil will be up after 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 climbed 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. Palm oil prices will also be up as Indonesia's palm oil production is expected to decline by 5% to 29.6 million tons from a realization of 31.2 million tons in the previous year.

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