CPO trading range for the day is 553.2-564.2.

Crude palm oil prices gained amid rise in overseas prices as production and stocks fall in line with a seasonal trend.

Indonesian palm oil prices are also forecast to rise to as high as $600 a tonne amid rising demand, slowing production growth and declining global stockpiles.

Malaysian palm oil shipments during Jan. 1-20 rose 11.8-12.9 percent from a month earlier.

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