Crude palm oil falls by 0.6% on low demand
Participants offloaded positions amid a weak trend at spot market on subdued demand
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Crude palm oil prices fell by 0.64% to Rs 446.80 per 10 kg in futures market today as participants offloaded positions amid a weak trend at spot market on subdued demand.
However, estimates of lower supplies from major producing belts, capped the fall.
At the Multi Commodity Exchange, crude palm oil for delivery in April moved down by Rs 2.90, or 0.64% to Rs 446.80 per 10 kg in a business turnover of 41 lots.
Likewise, the oil for delivery in March shed Rs 2.70, or 0.60% to Rs 445.60 per 10 kg in 32 lots.
Marketmen said besides sluggish spot market, a weak trend overseas mainly influenced crude palm oil prices at futures trade.
However, estimates of lower supplies from major producing belts, capped the fall.
At the Multi Commodity Exchange, crude palm oil for delivery in April moved down by Rs 2.90, or 0.64% to Rs 446.80 per 10 kg in a business turnover of 41 lots.
Likewise, the oil for delivery in March shed Rs 2.70, or 0.60% to Rs 445.60 per 10 kg in 32 lots.
Marketmen said besides sluggish spot market, a weak trend overseas mainly influenced crude palm oil prices at futures trade.
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First Published: Mar 12 2015 | 11:57 AM IST