Crude palm Oil on MCX settled up by 0.99% at 499.3 on expectations of rebound in demand ahead of Ramadan. However, the prices may pressurize later in the week on higher production estimates. According to sources, April-end stocks are seen rising 6.2% on-month to 1.65 mt while Production is likely to gain 8.8% to 1.59 mt, while exports are forecast to reach 1.31 mt, up 3.2% from March. Recently, the government cut the base import prices of Crude palm oil by $22 per tonne and RBD palmolein by $17 per tonne for first half of May.

Trading Ideas: 

* CPO trading range for the day is 493.1-503.1. 

* Crude palm oil ended with gains on expectations of rebound in demand ahead of Ramadan. 

* According to sources, April-end stocks are seen rising 6.2% on-month to 1.65 mt while Production is likely to gain 8.8% to 1.59 mt. 

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

* Crude palm oil prices in spot market gained by 0.90 rupees and settled at 510.00 rupees.

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