CPO On MCX Settled Down -1.02% At 511.8

CPO on MCX settled down -1.02% at 511.8 due to profit booking on subdued demand despite of supply worries. Malaysia palm oil exports during Sep 1-30 dropped 15% compared to a month earlier on weak demand from China and India & Subcontinent, data showed. Malaysia palm oil exports slipped to 1.37 million tons during Sep 1-30 compared to 1.32 million tons for the same period a month ago, Dow Jones reported citing data from Intertek, a private surveyor. India's palm oil imports from Malaysia declined by 30.88% to 377,225 tons during Sep 1-30 compared to 545,783 tons a month ago. Indonesia's palm oil reserves slumped by 9.8% to 1.695 million tons compared to 1.888 million tons in July, data published by Indonesia Palm Oil Association showed.

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