Crude Palm Oil On MCX Settled Up By 0.74% At 582.2



Crude palm Oil on MCX settled up by 0.74% at 582.2 on higher demand and on supply worries. 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. 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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