CPO trading range for the day is 505.8-518.4.
* Crude palm oil recovered on short covering after seen pressure tracking weakness in spot demand and weakness in overseas prices amid high inventories.
* India slashed import tax on crude and refined palm oil sourced from Southeast Asian (ASEAN) countries after request from suppliers.
* The duty on crude palm oil was lowered to 40 percent from 44 percent, while a tax on the refined variety was cut to 50 percent from 54 percent.
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