Crude palm oil futures edged lower on MCX as speculators booked profits at prevailing higher levels amid fall in demand in spot market. Besides, higher supply from the producing regions also pressurizing the prices.
The contract for August delivery was trading at Rs 566.40, down by 0.96% or Rs 5.50 from its previous closing of Rs 571.90. The open interest of the contract stood at 3616.00 lots.
The contract for September delivery was trading at Rs 559.90, down by 0.85% or Rs 4.80 from its previous close of Rs 564.70. The open interest of the contract stood at 3480.00 lots on MCX.