Crude palm Oil settled up on short covering after prices dropped amid weakness in spot demand and overseas prices after the release of lacklustre export data.
The Malaysian government has extended the 5% duty on export of crude palm oil, that came into effect at the beginning of this month, till the end of June.
Palm oil exports from Malaysia, dropped 20.9 percent for the May 1-20 duration versus the corresponding period in April.
Crude palm oil prices in spot market dropped by 4.60 rupees and settled at 655.10 rupees.
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