Crude palm oil down on global cues
Prices were affected as speculators trimmed positions
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Crude palm oil (CPO) futures for April fell by Rs 1.50, or 0.33%, to Rs 457.40 per 10 kg in 408 lots.
At the Multi Commodity Exchange (MCX), the March contract shed Rs 1.10, or 0.24%, to Rs 453.70 per 10 kg in 370 lots.
CPO fell for the third straight day. Prices were affected as speculators trimmed positions.
Wweak global market trends put pressure on crude palm oil futures trade here.
On the Malaysia Derivatives Exchange (MDEX). palm oil futures for May lost 1.5% to $765 a tonne, the lowest since March 4.
At the Multi Commodity Exchange (MCX), the March contract shed Rs 1.10, or 0.24%, to Rs 453.70 per 10 kg in 370 lots.
CPO fell for the third straight day. Prices were affected as speculators trimmed positions.
Wweak global market trends put pressure on crude palm oil futures trade here.
On the Malaysia Derivatives Exchange (MDEX). palm oil futures for May lost 1.5% to $765 a tonne, the lowest since March 4.
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First Published: Mar 13 2013 | 2:16 PM IST