Crude Palm Oil On MCX Settled Down By -1.02% At 565.2

Crude palm Oil on MCX settled down by -1.02% at 565.2 tracking global palm oil prices amid weak demand. Prices of the palm oil were down on subdued demand following weaker Malaysian palm oil export data. Malaysia palm oil exports during Feb 1-10 fell 3% compared to a month earlier on weak demand from Middle East, data showed. Malaysia palm oil exports fell to 340,947 tons during Feb 1-10 compared to 351,907 tons for the same period a month ago, DowJones reported citing data from Intertek, a private surveyor. Indonesia Palm and kernel production fell 3% to 34.5 million tons in 2016 from a year earlier, Indonesian Palm Oil Association GAPKI, says in a statement.

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