CPO trading range for the day is 485.5-494.7. Crude palm oil settled flat as prices pared gains on expectations of rising production for the month of July. Prices remained under pressure on forecasts that July production levels will be higher on-month from 1.51 million tonnes reached in June. According to cargo surveyor Intertek Testing Services (ITS), Malaysia’s June palm oil exports fell 8.9 percent to 1,190,583 tons v/s 1,306,374 tons. Crude palm oil prices in spot market gained by 1.10 rupees and settled at 495.10 rupees.
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