Crude palm oil prices fell by Rs 3 per kg in futures trade today on selling by speculators, following weak spot market trend on adequate stocks position.
Crude palm oil for October delivery fell by Rs 3, or 0.53%, to Rs 561.60 per 10 kg, with a trade volume of 88 lots.
The September contract declined by Rs 2.80, or 0.49%, to Rs 558.50 per 10 kg, with a trading volume of 14 lots.
In Malaysia, palm oil prices dropped from 13-month high level of $984 a tonne on concerns that slower global economic growth may cut consumption.
Traders said selling by speculators amid a weakening overseas trend and adequate stocks position in domestic markets led to the fall in crude palm oil prices in futures trade.
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