CPO trading range for the day is 572.9-582.5. Crude Palm Oil dropped on profit booking tracking weakens in spot demand despite of supply uncertainty in global market. Prices of palm oil were also down after government trimmed tariff value for palm oil to $703 per tons for first 15 days of December. Data released by South Malaysian Mills Association said palm oil fruits production in Malaysia for November month expected dropped by 2.08%. Crude palm oil prices in spot market dropped by 5.80 rupees and settled at 577.00 rupees.
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