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Crude palm oil futures turn weak, shed 0.47%

Press Trust of India  |  New Delhi 

Crude palm prices softened by 0.47 per cent to Rs 553.50 per 10 kg in futures trading today as participants trimmed their positions ahead of monthly expiry amid subdued demand at the spot markets.

At the Multi Commodity Exchange, crude palm for delivery in December month moved down by Rs 2.60, or 0.47 per cent, to Rs 553.50 per 10 kg in business turnover of 77 lots.

On similar lines, the for delivery in November contracts traded lower by Rs 2.20, or 0.40 per cent, to Rs 553.80 per 10 kg in 10 lots.

Market analysts said squaring-up of positions by in view of tomorrow's November month expiry coupled with tepid demand in the spot market, mainly weighed on crude palm prices at futures trade.

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

First Published: Tue, November 29 2016. 11:22 IST