CPO trading range for the day is 551-557.6.
Crude palm oil dropped on profit booking after prices gained tracking firmness in spot demand and lower-than-expected palm production.
Data released by a state millers association showed slowing output growth for the first 20 days of August versus the corresponding period last month.
Malaysian palm oil inventories fell to a one-year low of 2.39 million tonnes in Ju
Crude palm oil prices in the spot market dropped by 4.50 rupees and settled at 551.50 rupees.
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