CPO trading range for the day is 539.2-544.6.

* CPO gained on short covering after prices dropped amid weakness in spot demand and overseas prices weighed down by expectations of rising production.

* Official data from the Malaysian Palm Oil Board (MPOB) showed March end-stocks and production at higher levels than expected.

* Malaysia's palm oil stockpiles at the end of March fell 4.6 percent from the previous month to 2.92 million tonnes.

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