Crude Palm Oil on MCX settled up by 1.13% at 547.1 on expectation of lower output in Malaysia for September month and on strong demand in global market. Prices of palm oil in domestic market were supported by strong demand ahead of festival and wedding season. South palm oil mills association of Malaysia said that the CPO output during Sep 1-10 dropped by 17% compared to previous month.

Trading Ideas:

* CPO trading range for the day is 538.1-553.5.

* Crude palm oil gained on expectation of lower output in Malaysia for September month and on strong demand in global market.

* South palm oil mills association of Malaysia said that the CPO output during Sep 1-10 dropped by 17% compared to previous month.

* Malaysia palm oil exports rose 7% to 355,009 tons during Sep 1-10 compared to 376,652 tons for the same period a month ago.

* Crude palm oil prices in spot market gained by 7.70 rupees and settled at 547.90 rupees.

For More Enquiry In Trading Tips>> Click Here>> Equity Trading Tips.