CPO trading range for the day is 533.5-551.9.
* Crude palm oil prices dropped on profit booking after prices gained on expectations of dwindling stockpiles and improved exports.
* Malaysia's palm oil stockpiles are likely to have dropped during March to its lowest level in five months.
* Malaysian palm oil stockpiles rose to their highest in nearly two decades in December, and last increased unexpectedly in February by 1.3 percent.
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