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14-Mar2019

Crude palm oil futures trade lower on dip in demand

Crude palm oil futures traded lower on MCX, due to narrowing of bets by the speculators tracking dip in demand from domestic spot markets. Besides, easing trend in Malaysian palm oil and lower tariff duty also fuelled the down trend.

The contract for March delivery was trading at Rs 524.10, down by 0.63% or Rs 3.30 from its previous closing of Rs 527.40. The open interest of the contract stood at 4864 lots.

The contract for April delivery was trading at Rs 528.30, down by 0.84% or Rs 4.50 from its previous closing of Rs 532.80. The open interest of the contract stood at 2445 lots on MCX.


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