Crude palm Oil on MCX settled down by -1.06% at 541.5 tracking weakness in spot demand and overseas prices as strong export figures cushioned the dampening effects of a rise in export tax for October. However downside seen limited due to increase in tariff value for Crude palm oil and higher import duty also supports prices. The increase of crude palm oil export tax for October from 5.5% to 6% weighed on the sentiment.

Trading Ideas:

* CPO trading range for the day is 534.6-550.2.

* Crude palm oil dropped tracking weakness in spot demand and overseas prices as strong export figures cushioned.

* The increase of crude palm oil export tax for October from 5.5% to 6% weighed on the sentiment.

* Cargo surveyor Intertek Testing Services said palm exports for Sept. 1-15 rose 22.2% compared to Aug. 1-15.

* Crude palm oil prices in spot market dropped by 5.60 rupees and settled at 544.20 rupees.

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