Crude palm oil softens 0.4% on global cues
Prices softened as speculators offloaded their positions
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Crude palm oil futures for June softened by Rs 1.90, or 0.42% to Rs 453 per 10 kg in 53 lots.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Re 1, or 0.22%, to Rs 454.10 per 10 kg in 369 lots.
Prices softened as speculators offloaded their positions.
Market analysts attributed the fall in crude palm oil futures to a weak global trend.
On the Bursa Malaysia Derivatives (BMD), the July contract lost 1.4% to $744 a metric tonne, lowest since December 14.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Re 1, or 0.22%, to Rs 454.10 per 10 kg in 369 lots.
Prices softened as speculators offloaded their positions.
Market analysts attributed the fall in crude palm oil futures to a weak global trend.
On the Bursa Malaysia Derivatives (BMD), the July contract lost 1.4% to $744 a metric tonne, lowest since December 14.
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First Published: Apr 22 2013 | 3:16 PM IST