Crude Palm Oil On MCX Settled Down By -0.67% At 516.5

Crude palm Oil on MCX settled down by -0.67% at 516.5 as pressure seen after MPOB estimated higher production of palm oil in Malaysia. Malaysia palm oil exports during Apr 1-20 jumped 5% as compared to same period a month ago on higher demand from European Union, China, Japan, India Egypt and South Africa, data showed. Malaysia palm oil exports jumped to 719,175 tons during Apr 1-20 compared to 686,741 tons for the same period a month ago, DowJones reported citing data from SGS, a private surveyor. Malaysian palm oil exports to South Africa during Apr 1-20 jumped by 20.24% to 34,390 tons compared to 28,600 tons in the same period a year ago.

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