Crude palm oil futures weakens on low demand

Image
Press Trust of India New Delhi
Last Updated : Jan 28 2015 | 4:20 PM IST
Crude palm oil prices were marginally lower by 0.07 per cent to Rs 434.40 per 10 kg in futures trade today as speculators trimmed positions, tracking a weak trend at spot market on sluggish demand.
At the Multi Commodity Exchange, crude palm oil for delivery in February month shed 30 paise, or 0.07 per cent to Rs 434.40 per 10 kg in business turnover of 126 lots.
Similarly, the oil for delivery in January contract traded lower by 10 paise, or 0.02 per cent to Rs 426.90 per 10 kg in 40 lots.
Market analysts said speculators trimmed positions due to weak demand in the spot market, leading to the fall in crude palm oil prices at futures trade.
*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: Jan 28 2015 | 4:20 PM IST

Next Story