On MCX settled down by -0.57% at 538.1 on profit booking tracking weakness in spot demand amid higher supplies in the domestic market. Exports of Malaysian palm oil products for October 1-10 rose 18.1 percent to 448,349 tonnes, up from 379,652 tonnes shipped over September 1-10, cargo surveyor Intertek Testing Services said. Malaysia's palm oil stocks at end-September rose 4 percent to 2.02 million tonnes from the previous month, industry regulator the Malaysian Palm Oil Board (MPOB) said. 

Production in September fell 1.7 percent from August to 1.78 million tonnes. Exports rose 1.8 percent to 1.52 million tonnes. A survey had pegged inventory levels to rise 3.2 percent to 2 million tonnes in September. Production was seen up 1.5 percent at 1.84 million tonnes, while exports were seen rising 7.8 percent at 1.60 million tonnes.

Trading Ideas:

* CPO trading range for the day is 531.2-547.2.

* Crude palm oil prices dropped on profit booking tracking weakness in spot demand amid higher supplies in the domestic market.

* Exports of Malaysian palm oil products for October 1-10 rose 18.1 percent to 448,349 tonnes, up from 379,652 tonnes shipped over September 1-10.

* Malaysia's palm oil stocks at end-September rose 4 percent to 2.02 million tonnes from the previous month.

* Crude palm oil prices in spot market dropped by 2.00 rupees and settled at 539.10 rupees.

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