Crude Palm Oil Futures Surge Nearly 1% In Afternoon Trade

Crude palm oil futures surge nearly 1% in afternoon trade
In the futures market, crude palm oil for December delivery touched an intraday high of Rs 903.50 and an intraday low of Rs 892.40 per 10 kg on MCX.
CPO
Crude palm oil futures traded firm at Rs 902.80 per 10 kg on December 10 as participants increased their long position as seen by the open interest. Malaysian palm oil futures gained 1.48 percent to settle at 3,408 Ringgits on Bursa Malaysia Bhd.
The Malaysian Palm Oil Association (MPOA) expects Malaysian palm oil output to decline by 12 percent in November, while exports are expected to slump more than 15 percent during the month.

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