Crude Palm Oil On MCX Settled Up By 0.56% At 534.2

Crude palm Oil on MCX settled up by 0.56% at 534.2 on short covering after prices dropped amid weak spot market on sluggish demand. Malaysia palm oil exports during Feb 1-28 fell by 14.2% compared to a month earlier on subdued demand from China, European Union, India & Subcontinent and Middle East, data showed. Malaysia's palm oil exports India during Feb 1-28 slumped by 18.11% to 181,860 tons as compared to 222,100 tons imported during Jan 1-31. However, investors kept close watch on Palm and Lauric Oil Prices Outlook Conference & Exhibition (POC).

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