CPO trading range for the day is 551.1-566.9. Crude Palm Oil settled flat recovering from lows on short covering after prices dropped tracking weakness in spot demand and overseas prices on higher stockpiles. MPOB data showed closing stockpiles of CPO in November grew by 20.98% to 1.48 million tons compared to 1.23 million tons in previous month. Exports of palm oil also slipped by 12% to 1.35 million tons compared to 1.53 million tons previous month, data showed.Crude palm oil prices in spot market dropped by 1.60 rupees and settled at 563.40 rupees.
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