CPO trading range for the day is 555-564.8. Crude Palm Oil settled flat on profit booking after prices gained amid supply concern and demand hope. Demand is expected to improve in the coming weeks as key buyer China stocks up ahead of Lunar New Year celebrations. According to South oil mills association of Malaysia palm oil output during Dec 1-20 dropped by 4.20% compared to previous month. Crude palm oil prices in spot market dropped by 3.00 rupees and settled at 552.30 rupees.
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