CPO On MCX Settled Down -0.59% At 559

CPO on MCX settled down -0.59% at 559 based on expectations of rising production levels and slow export demand. Fundamentally production is inching up but exports are uncertain. In the recent weeks, palm oil prices have reached their highest in more than four years as market supplies are tight on low production levels. Palm's fresh fruit yields are still suffering the effects of a crop-damaging El Nino, but is expected to recover by the second-half of the year and weighing on prices.

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