CPO trading range for the day is 552.5-561.7.Crude palm oil dropped tracking weakness in spot demand amid sufficient supplies. However, on anticipation that country will import more as Malaysia lifted export taxes may pressurize prices in the coming weeks.Malaysian palm oil inventories surged to a more than two-year high of 2.7 million tonnes at end-December, as production continued to outpace exports.Crude palm oil prices in spot market dropped by 4.30 rupees and settled at 550.40 rupees.
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