Crude palm Oil on MCX settled up by 0.33% at 510.2 on short covering after prices dropped weighed down by expectations of rising output in the top producers, Malaysia and Indonesia. Prices of the oil were down as latest data published by Malaysian Palm Oil Board (MPOB) showed higher CPO output and stockpiles during March month.

Trading Ideas: 

*CPO trading range for the day is 504.8-514.6. 

*Crude palm oil gained on short covering after prices dropped weighed down by expectations of rising output. 

*Data published by Malaysian Palm Oil Board (MPOB) showed higher CPO output and stockpiles during March month. 

*Malaysian production jumped 16.3 per cent month-on-month in March for its first monthly gain since September. 

*Crude palm oil prices in spot market dropped by 3.50 rupees and settled at 517.60 rupees.

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