 "Palm oil down 0.4% on global cues")
Crude palm oil prices fell 0.38% to Rs 449.90 per 10 kg in futures trade today as speculators offloaded positions, tracking a weak global trend.
Besides, sluggish demand in the spot market against adequate stocks position imposed pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in November declined by Rs 1.70, or 0.38% to Rs 449.90 per 10 kg in business turnover of 11 lots.
Market analysts said offloading of positions by speculators in tandem with a weak global trend mainly influenced crude palm oil prices at futures trade.
Meanwhile, palm oil futures fell 0.2% to USD 668 a metric tonne on the Bursa Malaysia Derivatives Exchange.
Besides, sluggish demand in the spot market against adequate stocks position imposed pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in November declined by Rs 1.70, or 0.38% to Rs 449.90 per 10 kg in business turnover of 11 lots.
Also Read
Similarly, the oil for delivery in October shed Rs 1.30, or 0.29% to Rs 450.50 per 10 kg in 21 lots.
Market analysts said offloading of positions by speculators in tandem with a weak global trend mainly influenced crude palm oil prices at futures trade.
Meanwhile, palm oil futures fell 0.2% to USD 668 a metric tonne on the Bursa 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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%