CPO trading range for the day is 480.6-490.2.Crude palm oil gained on short covering after prices dropped on higher stockpiles in domestic market and prospects of robust output from Indonesia. India's Crude palm oil imports climbed by 37.73% in June to 572,388 tons compared to 415,580 tons imported during June 2016. Further, government of India on July 14 also trimmed CPO tariff value to $693 per tons compared to $697 per tons. Crude palm oil prices in spot market dropped by 1.40 rupees and settled at 483.20 rupees.
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