 "Crude palm oil fall by 2.5% on low demand")
Crude palm oil prices fell further by 2.47% to Rs 370.60 per 10 kg in futures trade today as participants engaged in reducing their exposure, tracking a weak trend at spot market on sluggish demand.
Adequate stocks position in the physical market on higher supplies from major producing belts and weak trend overseas weighed on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in August month fell Rs 9.40, or 2.47% to Rs 370.60 per 10 kg in business turnover of 638 lots.
Market analysts said offloading of positions by traders on the back of easing demand in the spot market mainly kept crude palm oil prices lower at futures trade.
Adequate stocks position in the physical market on higher supplies from major producing belts and weak trend overseas weighed on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in August month fell Rs 9.40, or 2.47% to Rs 370.60 per 10 kg in business turnover of 638 lots.
Also Read
Likewise, the oil for delivery in September contracts declined by Rs 8.70, or 2.26% to Rs 375.70 per 10 kg in 529 lots.
Market analysts said offloading of positions by traders on the back of easing demand in the spot market mainly kept crude palm oil prices lower at 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 →*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%