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Muted demand drags down crude palm oil futures by 0.14%

Press Trust of India  |  New Delhi 

Crude palm prices moved down by 0.14 per cent to Rs 568.50 per 10 kg in futures market today as traders reduced exposure amid easing demand in the spot market against adequate stocks position.

At the Multi Commodity Exchange, crude palm for delivery in December fell by 80 paise, or 0.14 per cent to Rs 568.50 per 10 kg in business turnover of 30 lots.


Likewise, the for delivery in November shed 30 paise, or 0.05 per cent to Rs 566.20 per 10 kg in 62 lots.

Analysts said offloading of positions by participants owing to slackened demand in the physical market against ample stocks position on increased supplies from growing regions, mainly led to decline in 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 14 2017. 11:22 IST
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