Crude Palm Oil on MCX settled up by 0.58% at 535.2 on hope of higher demand in local market and on supply concerns. Demand for edible oil generally seen up on higher consumption of fried food items during festive season. Closing stockpiles in August climbed by 12.58% to 1.05 million tons compared to 938,502 tons in the same period a month ago, data released by Malaysian Palm Oil Board showed.

Trading Ideas:

* CPO trading range for the day is 524.4-545.4.

* Crude palm oil prices ended with gains on hope of higher demand in local market and on supply concerns.

* Closing stockpiles in August climbed by 12.58% to 1.05 million tons compared to 938,502 tons in the same period a month ago.

* Indonesia keeps October crude palm oil export duty to zero, unchanged from last month. Tax is not charged if prices at or below USD 750 per ton.

* Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 541.70 rupees.

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