CPO trading range for the day is 551.2-555.6. Crude palm oil dropped on profit booking after gained on anticipation of firm international prices coupled with anticipation of stockists demand. World palm oil prices are expected fall in 2017 despite strong bio-diesel demand in Indonesia, Fitch Rating said. Indonesian Palm Oil Association Chairman said that production may be 30.9 million tons due to impact of El Nino on palm oil trees. Crude palm oil prices in spot market dropped by 0.80 rupees and settled at 554.80 rupees.
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