Crude palm oil (CPO) on MCX settled down -0.34% at 521.7 on profit booking amid expectation of higher output from Malaysia. Prices of the oil were down as Malaysia Palm Oil reserves are expected to rise during March month. Inventories are expected to rise by 4.1% to 1.52 million tons in March as compared to previous month while production estimated to increase by 9.5% to 1.38 million tons from February.

Trading Ideas: 

* CPO trading range for the day is 512.2-529.2. 

* Crude palm oil dropped on profit booking amid expectation of higher output from Malaysia. 

* Prices of the oil were down as Malaysia Palm Oil reserves are expected to rise during March month. 

* Inventories are expected to rise by 4.1% to 1.52 million tons in March as compared to previous month. 

* Crude palm oil prices in spot market dropped by 4.60 rupees and settled at 538.00 rupees.

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