Crude Palm Oil On MCX Settled Down By -0.14% At 513.1

Crude palm Oil on MCX settled down by -0.14% at 513.1 on profit booking after prices remained supported tracking global cues on higher Malaysian palm oil export data. 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.

India's palm oil imports from Malaysia during May 1-15 more than doubled to 135,400 tons as compared to 58,500 tons imported during Apr 1-15. Palm oil import rose 2.25 per cent to 7,52,632 tonnes in April on higher shipment of crude palm oil (CPO), industry body Solvent Extractors Association (SEA) said. India, the world's leading vegetable oil buyer, had imported 7,36,036 tonnes palm oil in April 2016.

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