Crude Palm Oil On MCX Settled Down By -1.24% At 548.6

Crude palm Oil on MCX settled down by -1.24% at 548.6 as production in Malaysia and Indonesia is expected to increase. India's palm oil imports from Malaysia during Feb 1-20 fell by 0.36% to 109,150 tons as compared to 109,550 tons in same period a month ago. With inventory at lower levels higher production will get diluted in inventory keeping the supply/availability tight at least for the next 15-30 days.

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