Crude Palm Oil On MCX Settled Down By -0.63% At 555.5

Crude palm Oil on MCX settled down by -0.63% at 555.5 amid easing supply worries from Malaysia, the world's second biggest oil producer. Price will remain down after estimates from millers in southern Peninsular Malaysia showed yields rose by 14% between Feb 1-15. In addition this palm oil (CPO+RBD) stock in various ports of India has risen by 30% as on Feb 06 against last week. In addition this, on demand side, market participants are taking no interest in buying for the oil on weak sentiment, whereas big players in the industry also opted to stay away from market.

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