Crude palm oil dropped on profit booking after prices gained on hope of higher demand for upcoming festival of Ramzan. Malaysia palm oil exports during Apr 1-10 jumped 21% as compared to same period a month ago on robust demand from European Union and Middles East while output for March month also jumped by 16%, data showed. Malaysia palm oil exports jumped to 307,249 tons during Apr 1-10 compared to 254,141 tons for the same period a month ago. 

As per SEA of India's data India's crude palm oil imports rose 5.91% to 454,213 tons as compared to 428,856 million tons imported during March 2015. Stocks of crude palm oil in Malaysia, the world's second-largest producer, rose to some 1.55m tonnes, data from the Malaysian Palm Oil Board (MPOB), showed.

Trading Ideas: 

* CPO trading range for the day is 510.9-524.5. 

* Crude palm oil dropped on profit booking after prices gained on hope of higher demand for upcoming festival of Ramzan. 

* India's data India's crude palm oil imports rose 5.91% to 454,213 tons as compared to 428,856 million tons imported during March 2015. 

* Stocks of crude palm oil in Malaysia, the world's second-largest producer, rose to some 1.55 m tonnes, data from the MPOB showed. 

* Crude palm oil prices in spot market dropped by 0.10 rupees and settled at 529.30 rupees.

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