CPO trading range for the day is 494.3-502.3. Crude palm oil dropped on profit booking after prices gained on expectation of improvement in demand for Ramadan festival. Malaysia palm oil exports during Apr 1-30 jumped 5% as compared to same period a month ago. The government cut the base import prices of Crude palm oil by $22 per tonne and RBD palmolein by $17 per tonne for first half of May * Crude palm oil prices in spot market gained by 0.20 rupees and settled at 510.20 rupees.
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