Crude palm oil prices declined by 70 paise to Rs 485.30 per 10 kg in futures trade today on emergence of profit-taking, driven by subdued demand in the spot markets.
At the Multi Commodity Exchange, crude palm oil for July delivery fell by 0.70 paise, or 0.14%, to Rs 485.30 per 10 kgs, with a business turnover of 16 lots.
The oil for September delivery eased by 0.70 paise, or 0.14%, to Rs 484.80 per 10 kg, with an open interest of 31 lots.
Similarly, its prices for August delivery moved down by 0.30 paise, or 0.06%, to Rs 484.70 per 10 kg, with a trade volume of 101 lots.
Traders said besides profit-taking by speculators, fall in demand against adequate stocks in spot market mainly led to the fall in crude palm oil prices at futures market.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app