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Crude palm oil futures down 0.42 pc on global cues, low demand

Press Trust of India  |  New Delhi 

Crude palm prices traded lower by 0.42 per cent to Rs 638.50 per 10 kg in futures trade today as speculators cut bets tracking a weak trend overseas.

At the Multi Commodity Exchange, crude palm for delivery in May fell by Rs 2.70, or 0.42 per cent, to Rs 638.50 per 10 kg in a business turnover of 122 lots.

Likewise, the for delivery in 2.30, or 0.36 per cent, to Rs 633.80 per 10 kg in 123 lots.

Analysts said, offloading of positions by traders in tandem with a weak trend overseas amid easing demand in the physical market, mainly weighed on prices at the futures trade.

Meanwhile, the for July delivery slid 1.3 per cent to 2,369 ringgit (USD 609.55) a tonne on the Exchange.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 11:05 IST
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