Crude Palm Oil On MCX Settled Up By 0.91% At 586.8

Crude palm Oil on MCX settled up by 0.91% at 586.8 tracking firmness in spot demand and overseas prices on supply worries. Malaysian palm oil production totaled 15.8 million tons in the first 11 months of this year, down 15% from the same period in 2015, Malaysian Palm Oil Board data show. Output in Indonesia may drop 10% this year to 30.9 million tons, the first decline in 20 years, due to the impact of El-Nino, Indonesian Palm Oil Association said last month. 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.

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