Crude Palm Oil settled flat paring its gains sue to profit booking after prices rallied due to good demand in the physical market. The prices were also supported due to increase in tariff value for crude palm oil and higher import duty. During 2017, already 72% of the total global production growth occurred in Jan-June. Indonesia's palm oil output during Jul-Dec expected to rise to 18.8 million tons compared to 18.3 million tons in the same period a year ago.

Trading Ideas:

* CPO trading range for the day is 543.9-551.5.

* Crude palm Oil settled flat paring its gains sue to profit booking after prices rallied due to good demand in the physical market.

* Indonesia's palm oil output during Jul-Dec expected to rise to 18.8 million tons compared to 18.3 million tons in the same period a year ago.

* Malaysian palm oil production will also rise to 10.8 million tons compared to 9.7 million tons in the same period a year ago.

* Crude palm oil prices in spot market dropped by 0.70 rupees and settled at 549.80 rupees.

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