Crude palm oil falls on global cues
It dropped 1.4% to $769 a tonne on the Malaysia Derivatives Exchange
Crude palm oil prices fell by Rs 2.10 to Rs 464 per 10 kg in futures trade today as speculators reduced their positions in tandem with a weak global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 2.10, or 0.45%, to Rs 464 per 10 kg in business turnover of 165 lots.
Likewise, the oil for delivery in March contract traded lower by Rs 1.40, or 0.30%, to Rs 460.70 per 10 kg in 532 lots.
Market analysts attributed the fall in crude palm oil futures to a weak global trend.
Meanwhile, palm oil dropped 1.4% to $769 a tonne on the Malaysia Derivatives Exchange.
At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 2.10, or 0.45%, to Rs 464 per 10 kg in business turnover of 165 lots.
Likewise, the oil for delivery in March contract traded lower by Rs 1.40, or 0.30%, to Rs 460.70 per 10 kg in 532 lots.
Market analysts attributed the fall in crude palm oil futures to a weak global trend.
Meanwhile, palm oil dropped 1.4% to $769 a tonne on the Malaysia Derivatives Exchange.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 28 2013 | 3:20 PM IST