Crude palm Oil on MCX settled up by 0.68% at 487.3 tracking firmness in spot demand despite of higher stockpiles in domestic market and prospects of robust output from Indonesia. Market participant expects CPO output from Malaysia during July month to rise following estimates of higher production between July 1-10. CIMB sees July production to grow by 15% on monthly basis due to spillover of harvesting activity from June as workers return from holiday.

Trading Ideas:

* CPO trading range for the day is 479.6-491.6.

* Crude palm Oil settled up tracking firmness in spot demand despite of higher stockpiles in domestic market and prospects of robust output from Indonesia.

* Further, subdued demand following weak Malaysian palm oil export data will also keep prices down.

* Malaysia palm oil exports during July 1-10 dropped 2% compared to same period a month ago data showed.

* Crude palm oil prices in spot market dropped by 1.70 rupees and settled at 489.30 rupees.

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