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Crude palm oil futures extend losses, down 0.34% on low demand

Press Trust of India  |  New Delhi 

Continuing its losing streak for the second straight day, crude palm fell 0.34 per cent to Rs 519 per 10 kg in futures market today as participants engaged in reducing their positions, tracking a weak trend at the spot market on sluggish demand.

At the Multi Commodity Exchange, crude palm for delivery in April fell by Rs 1.80, or 0.34 per cent, to Rs 519 per 10 kg, in a business turnover of 134 lots.


Likewise, the for delivery in March shed Rs 1.30, or 0.24 per cent, to Rs 532 per 10 kg in 158 lots.

Market analysts said trimming of positions by participants amid tepid demand in the spot market against ample stocks position on higher supplies from producing regions, mainly kept crude palm prices down at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 12:07 IST
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