Crude Palm Oil on MCX settled up by 1.31% at 557 as prices seen supported on higher tariff value and expectation of further hike in import duty for edible oil. For the second first half of Nov, the base import price for crude palm oil and refined, bleached and deodorized palm oil were raised by $2 and $3 per tn, respectively.

Trading Ideas:

* CPO trading range for the day is 541.9-567.5.

* Crude palm oil gained as prices seen supported on higher tariff value and expectation of further hike in import duty for edible oil.

* According to SEA release, during Nov-Sep period, crude palm oil import is 57.34 lakh tonnes, up 9.5% from 52.34 lt during the same period of the previous oil year.

* Indonesia's 2017 palm oil production is estimated to reach 36.5 million tonnes, an increase of 4 million tonnes compared with 2016.

* Crude palm oil prices in spot market gained by 4.60 rupees and settled at 546.70 rupees.

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