CPO On MCX Settled Up 1.33% At 519.9

CPO on MCX settled up 1.33% at 519.9 as support seen after Malaysia unveiled lower-than-expected estimates for its stocks of the vegetable oil, underlining doubts about the strength of an output revival. Malaysia palm oil exports during May 1-15 jumped 9% as compared to same period a month ago on robust demand from India & Subcontinents, data showed. Malaysia palm oil exports jumped to 617,697 tons during May 1-15 compared to 567,280 tons for the same period a month ago, DowJones reported citing data from Intertek, a private surveyor.

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