CPO trading range for the day is 524.8-532.
* Crude dropped tracking weakness in spot demand and overseas prices despite of expectations of slowing production growth.
* However, a bumper harvest last year in both Malaysia and Indonesia, the world's major producers, had flushed the market with palm oil.
* Stockpile concerns were further fanned after the European Union announced plans to phase out use of palm oil in renewable transport fuel by 2030.
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