Crude Palm Oil On MCX Settled Up By 0.83% At 521.8

Crude palm Oil on MCX settled up by 0.83% at 521.8 on short covering amid on supply and demand uncertainty. Palm oil exports of Malaysia, the world's second biggest oil producer, dropped in February by 14% as compared to same period a month ago, data published Malaysian Palm Oil Board (MPBO) showed. Malaysian palm oil exports dropped to 1.10 million tons as compared to 1.28 million tons in January. Palm oil output in Malaysia also dropped by 1.43% to 1.25 million tons as compared to 1.27 million tons in January, MPOB said.

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