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Crude palm oil futures edge lower on subdued demand

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Press Trust of India New Delhi
Crude palm oil prices fell marginally by Rs 2.50 to Rs 411.10 per 10 kg in futures trade today as participants offloaded positions due to subdued demand in spot market.

In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in November fell by Rs 2.50, or 0.60 per cent, to Rs 411.10 per 10 kg in a business turnover of 172 lots.

The oil for delivery in October traded lower by Rs 2.40, or 0.58 per cent, to Rs 408.20 per 10 kg in 54 lots.

Marketmen said apart from subdued demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices at futures trade.
 

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First Published: Oct 26 2015 | 3:22 PM IST

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