CPO trading range for the day is 512.8-532.6. Crude Palm Oil gains supported on the back of pickup in demand against tight stocks availability in the physical market. India’s 2016/17 palm oil imports are estimated to fall to 10 MMT, down 0.25 MMT from 10.25 MMT in its previous estimate. Malaysian’s October palm oil end stocks rose 1.79 percent to 15.74 lakh tons compared to 15.46 lakh tons in September. Crude palm oil prices in spot market gained by 3.90 rupees and settled at 528.00 rupees.
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