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13-Mar2019

Crude palm oil futures trade lower on higher imports

Crude palm oil futures traded lower on MCX, due to increased selling by the speculators counting lower tariff duty countered by higher imports. Further, sluggish spot demand also weighed on the CPO rates.

The contract for March delivery was trading at Rs 528.00, down 0.68% or Rs 3.60 from its previous closing of Rs 531.60. The open interest of the contract stood at 5033 lots.

The contract for April delivery was trading at Rs 534.80, down by 0.96% or Rs 5.20 from its previous closing of Rs 540.00. The open interest of the contract stood at 1952 lots on MCX.

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