Crude palm oil futures extend losses, down 0.34% on low demand

Image
Press Trust of India New Delhi
Last Updated : Mar 21 2017 | 12:07 PM IST
Continuing its losing streak for the second straight day, crude palm oil fell 0.34 per cent to Rs 519 per 10 kg in futures market today as participants engaged in reducing their positions, tracking a weak trend at the spot market on sluggish demand.
At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 1.80, or 0.34 per cent, to Rs 519 per 10 kg, in a business turnover of 134 lots.
Likewise, the oil for delivery in March shed Rs 1.30, or 0.24 per cent, to Rs 532 per 10 kg in 158 lots.
Market analysts said trimming of positions by participants amid tepid demand in the spot market against ample stocks position on higher supplies from producing regions, mainly kept crude palm oil prices down at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Mar 21 2017 | 12:07 PM IST

Next Story