CPO trading range for the day is 566.3-577.1. Crude palm oil dropped tracking weakness in spot demand on profit booking after prices gained tracking global cues amid supply worries from Malaysia. Data released by Malaysian Palm Oil Association (MPOA) showed that palm oil output dropped by 17.1%. Government increase tariff value for CPO by $16 per ton to $676 per ton for the second half of January month.Crude palm oil prices in spot market gained by 2.80 rupees and settled at 561.60 rupees.
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