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12-Sep2018

Crude palm oil futures trade lower on MCX

Crude palm oil futures traded lower on MCX, due to offloading of positions by market players with the anticipation that significant rise in Palm oil production will be there in coming months. August output is reported to have risen 9.9% to 1.65 million tonnes, contributing to higher inventory levels. While, muted demand in physical markets also dragged the CPO prices.

The contract for September delivery was trading at Rs 603.80, down by 0.35% or Rs 2.10 from its previous closing of Rs 605.90. The open interest of the contract stood at 5799 lots.

The contract for October delivery was trading at Rs 607.00, down by 0.43% or Rs 2.60 from its previous closing of Rs 609.60.The open interest of the contract stood at 4439 lots on MCX.


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