Crude palm Oil on MCX settled down by -0.13% at 535.2 tracking weakness in spot demand and weak international prices. However downside seen limited as supply shortage worries from Indonesia following speculation of returning of el-nino will support prices . Palm oil stockpiles in Indonesia slumped in January after production in the world's largest oil producer, declined and exports increased. 

Reserves fell to 2.86 million tons from a revised 3.75 million tons in December, according to data released by the Indonesian Palm Oil Association. Gapki also revised its December figure from 1.07 million tons as it collected more data from producers, the group said. The imports of palm oil during Feb are higher compared to previous month which implies that the consumption demand is good in the country.

Trading Ideas: 

*CPO trading range for the day is 527.7-542.5. 

*Crude palm oil prices dropped tracking weakness in spot demand and weak international prices. 

*Palm oil stockpiles in Indonesia slumped in January after production declined and exports increased. 

*Reserves fell to 2.86 million tons from a revised 3.75 million tons in December, according to data released by the Indonesian Palm Oil Association. 

*Crude palm oil prices in spot market gained by 1.00 rupees and settled at 541.10 rupees.

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