CPO on MCX settled up 0.67% at 538.6 amid strong demand in the spot market. Moreover, tight stocks position on restricted supplies from producing regions also added support to crude palm oil prices uptrend. Malaysia, the world's second-largest palm oil producer after Indonesia, will increase its crude palm oil export tax to 6.5 percent in November, up from 6.0 percent the previous month, according to a government circular. Rising inventory levels in Malaysia, the world's second largest producer of the tropical oil, could further weigh on palm prices.

Trading Ideas:

* CPO trading range for the day is 531.1-544.7.

* Crude Palm Oil ended with gains amid strong demand in the spot market.

* Malaysia, will increase its crude palm oil export tax to 6.5 percent in November, up from 6.0 percent the previous month.

* Inventory levels at the end of September rose 4 percent from a month earlier to 2.02 million tonnes, data from MPOB.

* Crude palm oil prices in spot market gained by 0.20 rupees and settled at 541.00 rupees.

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