Crude Palm Oil trading range for the day is 517.5 - 563.5. Crude palm Oil ended with nominal gains on short covering after prices seen some pressure on easing supply worries in global market. Data released by South Malaysia Oil Mills Association showed fruits production in Malaysia during Oct 1-20 rose by 18% while palm oil production up 20.58% compared to same period a month ago.

Meanwhile, palm oil production in the world's top growers may not live up to estimates after all, who reduced his forecasts for Malaysia and Indonesia. Exports of Malaysian palm oil products for October 1 – 25 rose 8.6 percent to 1,177,939 tonnes from 1,085,116 tonnes shipped during September 1 – 25.

BUY CPO @ 540 SL 532 TGT 548-554. MCX.

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