Crude Palm Oil on MCX settled up by 0.04% at 490.8 on short covering after prices dropped on weak demand and easing supply worries. Malaysia palm oil exports during June 1-15 slumped 18% compared to same period a month ago on subdued demand from European Union and Middle East, data showed. Malaysia palm oil exports dropped to 508,960 tons during June 1-15 compared to 359,355 tons for the same period a month ago.

Trading Ideas:

* CPO trading range for the day is 488.4-494.2.

* Crude palm oil ended with small gains on short covering after prices dropped on weak demand and easing supply worries.

* Malaysia palm oil exports during June 1-15 slumped 18% compared to same period a month ago on subdued demand from EU and Middle East.

* India’s Crude palm oil imports climbed by 25.68% in May to 492,440 tons compared to 391,796 tons imported during May 2015.

* Crude palm oil prices in spot market gained by 2.90 rupees and settled at 498.60 rupees.

Nifty Future Tips>> https://www.justdial.com/Indore/Ripples-Advisory.