Crude Palm Oil On MCX Settled Down By -0.5% At 513.1

Crude palm Oil on MCX settled down by -0.5% at 513.1 amid slackened demand in the spot market. Further, sufficient stocks position following higher supply from the producing belts too fuelled the downtrend. Malaysia palm oil exports during Oct 1-10 jumped 11% compared to a month earlier on improved demand from European Union and Middle East while output during September also grew marginally, data showed. Malaysia palm oil exports jumped to 421,044 tons during Oct 1-10 compared to 380,115 tons for the same period a month ago, Dow Jones reported citing data from Intertek, a private surveyor. European Union's palm oil import from Malaysia during Oct 1-10 jumped 37.04% to 90,672 tons compared to 66,165 tons in the same period a month ago.

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