CPO trading range for the day is 547.2-558.2. Crude palm oil dropped tracking weakness in spot demand and overseas prices amid sufficient supplies. Malaysia exported 552,635 tonnes of palm oil products from Jan. 1 to 15, down 7.4 percent from 596,862 tonnes during Dec. 1 to 15. Government increase tariff value for CPO by $16 per tn to $676 while reduce tariffs for RBD Palmolein $22 to $690 for the second half of Jan.Crude palm oil prices in spot market dropped by 2.50 rupees and settled at 547.60 rupees.
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