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Crude palm oil futures slide 0.50 pc on low demand

Press Trust of India  |  New Delhi 

Crude palm prices went down by 0.50 per cent to Rs 620.60 per 10 kg in futures market today as speculators cut down positions in line with weak international prices and on muted spot demand.

Besides, higher inventories dragged CPO prices in futures trade.

At the Multi Commodity Exchange, crude palm for delivery in the current month was trading down by Rs 3.10, or 0.50 per cent lower at Rs 620.60 per 10 kg in a business turnover of 567 lots.

Likewise, for delivery in 2, or 0.32 per cent, to Rs 614.50 per 10 kg in 565 lots.

Analysts said offloading of positions by participants owing to slackened demand in the physical market against adequate stocks position kept prices lower in futures trade.

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

First Published: Thu, July 12 2018. 12:50 IST