CPO On MCX Settled Down -0.43% At 581.4

CPO on MCX settled down -0.43% at 581.4 on demand worries in export markets. Malaysia palm oil exports slipped by 5.7% to 1.08 million tons during Dec 1-31 compared to 1.15 millions tons for the same period a month ago on subdued demand from Middle East. India & Subcontinent's palm oil imports from Malaysia during first 25 days of the month climbed by 60.26% to 144,175 tons as compared to 89,960 tons in Nov 1-25. Malaysia and Indonesia raised export tax and weak demand. Indonesia raises export tax to $3 per tons in January 2017 as per the trade ministry.]

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