Crude palm oil down 0.1% on subdued demand
Oil for delivery in May shed 0.09%
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Crude palm oil eased by 0.18% to Rs 565.50 per 10 kg in futures market today as speculators reduced holding on sluggish demand in the spot market.
Besides, against adequate stocks position put pressure on the prices, analysts said.
At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Re one, or 0.18%, to Rs 565.50 per 10 kg in a business turnover of 46 lots.
Similarly, the oil for delivery in May shed 50 paise, or 0.09%, to Rs 562.40 per 10 kg in 117 lots.
Besides, against adequate stocks position put pressure on the prices, analysts said.
At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Re one, or 0.18%, to Rs 565.50 per 10 kg in a business turnover of 46 lots.
Similarly, the oil for delivery in May shed 50 paise, or 0.09%, to Rs 562.40 per 10 kg in 117 lots.
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First Published: Apr 16 2014 | 11:36 AM IST