CPO trading range for the day is 564.1-583.5. Crude Palm Oil gained on short covering after prices gained tracking higher stock pile in the domestic market. Government cuts tariff value for CPO by $1 per tn to $675 while increase tariffs for RBD Palmolein by $5 to $695 for the first half of Feb. This year, palm oil imports from Malaysia may rise around 30% as the government of that country is expected to adopt some measures to boost such shipments. Crude palm oil prices in spot market gained by 2.50 rupees and settled at 569.40 rupees.
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