Amid weak global trend and subdued domestic demand, crude palm oil prices traded lower by 0.60% to Rs 559.40 per 10 kg in futures trading today.
At the Multi Commodity Exchange, crude palm oil for delivery in September declined by Rs 3.40, or 0.60%, to Rs 559.40 per 10 kg, with a business turnover of 424 lots.
The August contract shed Rs 3.10, or 0.55%, to Rs 557 per 10 kg in 49 lots.
Marketmen said subdued demand in the spot market and lower trend in the global market influenced crude palm oil prices at futures trade.
Meanwhile, palm oil fell 0.4% to 3,018 ringgit a tonne on the Malaysia Derivatives Exchange.
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