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Crude palm oil futures trade lower on MCX

Crude palm oil futures traded lower on MCX despite uptick in demand in the spot market against restricted supplies from producing belts and firming trend in the overseas market.

The contract for August delivery was trading at Rs 567.00, down by 0.19% or Rs 1.10 from its previous closing of Rs 568.10. The open interest of the contract stood at 2999.00 lots.

The contract for September delivery was trading at Rs 559.40, down by 0.57% or Rs 3.20 from its previous close of Rs 562.60. The open interest of the contract stood at 3298.00 lots on MCX.

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