Crude palm oil dropped tracking weakness in spot demand despite of firmness in overseas prices amid lower-than-forecast end-stocks data from an industry regulator.
Further, cut in base import prices for the 1st half of May kept prices lower in first week.
MPOB showed April end-stocks in Malaysia, dropped 6.4 percent from the previous month to 2.17 million tonnes, their lowest since September.
Crude palm oil prices in spot market dropped by 0.10 rupees and settled at 650.80 rupees.
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