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06-May2019

Crude palm oil futures edge down on weak global cues

Crude palm oil futures edged lower on MCX, as speculators trimmed their positions following weakness in global markets after US President Donald Trump announced on Sunday that he would hike tariffs on $200 billion worth of Chinese goods.

The contract for May delivery was trading at Rs 516.20, down by 0.48% or Rs 2.50 from its previous closing of Rs 518.70. The open interest of the contract stood at 5739 lots.

The contract for June delivery was trading at Rs 517.70, down 0.88% or Rs 4.60 from its previous closing of Rs 522.30. The open interest of the contract stood at 764 lots on MCX.


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