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10-Apr2019

Crude palm oil futures trade lower on higher imports

Crude palm oil futures traded lower on MCX, due to offloading of bets on higher imports of CPO in March at cheaper prices. It is reported that edible oil stocks have spurt by 20% compared to last year ports. Even though, firm Malaysian palm oil capped the downside.

The contract for April delivery was trading at Rs 538.20, down by 0.31% or Rs 1.70 from its previous closing of Rs 539.90. The open interest of the contract stood at 2669 lots.

The contract for May delivery was trading at Rs 543.20, down 0.33% or Rs 1.80 from its previous closing of Rs 545.00. The open interest of the contract stood at 3280 lots on MCX.


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