CPO trading range for the day is 557.1-578.1. Crude palm Oil gained as palm oil output is expected to decline in the first quarter of the year, in line with seasonal trend. Increase in import duty to 30% and 40% for crude palm oi and refine palm oil respectively. Government increase tariff value for CPO by $16 per tn to $676 while reduce tariffs for RBD Palmolein $22 to $690 for the second half of Jan.Crude palm oil prices in spot market gained by 0.80 rupees and settled at 560.80 rupees.
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