CPO trading range for the day is 484.3-494.3.Crude palm oil dropped due to expectation of production recovery in Indonesia and Malaysia.The secretary-general of Indonesian Palm Oil Association said that palm oil output may jump by more than 10% this year.Malaysia palm oil exports jumped to 1.25 million tons during Apr 1-30 compared to 1.07 million tons for the same period a month ago.Crude palm oil prices in spot market dropped by 1.90 rupees and settled at 506.40 rupees.
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