CPO on MCX settled up 0.2% at 588.9 on demand hope and on supply worries. Prices of the oil were up after Malaysia palm oil exports during Jan 1-10 climbed 8% compared to a month earlier on strong demand from China and Middle East, data showed. Malaysia palm oil exports jumped to 351,907 tons during Jan 1-10 compared to 325,590 tons for the same period a month ago, DowJones reported citing data from Intertek, a private surveyor. Malaysia's CPO output for December month fell by 6.4% to 1.48 million tons compared to 1.57 million tons in November, data showed. 

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India & Subcontinent's palm oil imports from Malaysia during first 25 days of the month climbed by 60.26% to 144,175 tons as compared to 89,960 tons in Nov 1-25. Malaysia and Indonesia raised export tax and weak demand. Indonesia raises export tax to $3 per tons in January 2017 as per the trade ministry. Data published by DowJones citing Intertek, a private surveyor Malaysia's palm oil exports during 1-25 dropped by 5.60% compared to same period a month ago on subdued demand from Middle East.