Crude Palm Oil On MCX Settled Down By -0.37% At 593.1

Crude palm Oil on MCX settled down by -0.37% at 593.1 on profit booking after prices gained on demand hope following robust Malaysia palm oil export data and on supply worries from Malaysia, the world's second biggest oil producer. Malaysia palm oil exports during Jan 1-15 climbed 7% compared to a month earlier on strong demand from Middle East, data showed. Malaysia palm oil exports jumped to 513,762 tons during Jan 1-15 compared to 481,349 tons for the same period a month ago, DowJones reported citing data from Intertek, a private surveyor. The Malaysian Palm Oil Board (MPOB) monthly data for December has reconfirmed the supply tightness for Palm oil.

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