Crude Palm Oil On MCX Settled Down By -1.09% At 497.2

Crude palm Oil on MCX settled down by -1.09% at 497.2 tracking weakness in spot demand amid higher stockpiles. However downside seen limited tracking global cues amid robust 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. Crude palm oil imports climbed by 28.23% in April to 511,139 tons as compared to 398,606 tons imported during April 2015, the Solvent Extractors Association (SEA) of India showed.

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