CPO On MCX Settled Up 0.34% At 532.7

CPO on MCX settled up 0.34% at 532.7 supported by supply shortage worries from Malaysia. Palm oil output in Malaysia dropped by 1.43% to 1.25 million tons as compared to 1.27 million tons in January, data published by Malaysian Palm Oil Board showed. Closing stockpiles for month of February also dropped 5.32% to 1.45 million tons as compared to 1.54 million in January. Malaysia palm oil exports during Mar 1-15 fell by around 6% compared to a month earlier on subdued demand from China, India & Subcontinent and Middle East, data showed.

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