CPO On MCX Settled Down -0.12% At 576.7

CPO on MCX settled down -0.12% at 576.7 on profit booking on prospects of higher imports and higher supply situation. However downside seen limited as data from Indonesia continued to show supply tightness for palm oil. Malaysia palm oil exports during Jan 1-31 rose 8.13% compared to a month earlier on strong demand from Indian & Subcontinent and Middle East, data showed. Malaysia palm oil exports climbed to 1.17 million tons during Jan 1-31 compared to 1.08 million tons for the same period a month ago, DowJones reported citing data from Intertek, a private surveyor. India's palm oil imports from Malaysia during Jan 1-31 rose by 3.77% to 222,100 tons as compared to 214,025 tons imported during Dec 1-31

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