Crude Palm Oil On MCX Settled Up By 2.2% At 538.6

Crude palm Oil on MCX settled up by 2.2% at 538.6 tracking a firm trend at spot market on rising demand. Further, restricted supplies from producing regions also added support to crude palm oil prices uptrend. Crude palm oil (CPO) inventories in Indonesia, the world's biggest palm oil producer, are expected to rise by 12% on higher output. Palm oil stockpiles may rise to 1.9 million tons compared to 1.695 million tons in August, it's highest since May, report said after compilation of the median of seven estimates from analysts, refiners and plantation executives.

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