Crude palm oil prices dropped due to subdued demand following weak Malaysia palm oil export data.
Malaysian palm oil exports in July fell 6.4% from June to 1.54 million tons, DowJones reported citing Intertek Testing Services.
Global palm oil production in 2015/16 forecasted to increase by 6 % to 65.17 million tons (mt) compared to 61.65 mt in 2014/15.
Crude palm oil prices in spot market dropped by 7.30 rupees and settled at 408.80 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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