CPO trading range for the day is 483.2-498.4. Crude palm oil gains on short covering after prices seen under pressure on reports of good stocks in the country Prices of palm oil were down as oil stockpiles in Malaysia is expected to rise by 0.6% to 1.61 million tons in May. Malaysian Palm Oil Board will release output, stockpiles and export data for the month of May on June 13. Crude palm oil prices in spot market dropped by 0.90 rupees and settled at 502.60 rupees.
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