Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude palm oil futures trade lower on MCX


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.

Related News

View all news

Crude oil futures end lower on Tuesday

Crude oil futures ended lower on Tuesday with benchmark finishing at its lowest in over a year, as investor attention remained fixed on supply ahead of a key meeting of major oil producers early next month.......

Crude oil futures end slightly higher as EU backs French sanctions on Iran

Crude oil futures ended slightly higher on Monday getting some support from report that the European Union (EU) backs a decision by the French government to sanction Iran nationals linked to a bomb plot......

Crude oil futures end flat on Friday

Halting two-day winning streak, crude oil futures ended flat on Friday as traders remained cautious on worries about excess supply globally and weak demand outlook due to trade disputes. Though, oil prices......

Top News

View all news

Jumbo Finance gets shareholders' nod to increase borrowing limits up to Rs 30 crore

Jumbo Finance has received an approval to increase Borrowing Limits of the company up-to Rs 30 crore. The shareholders of the company at their meeting held on November 19, 2018, approved the same.Jumbo......

Alembic Pharma gets USFDA's nod for Vardenafil Hydrochloride Orally Disintegrating Tablets

Alembic Pharmaceuticals has received an approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Vardenafil Hydrochloride Orally Disintegrating Tablets,......

SRF expects total Rs 28 crore quantum of damage due to Cyclone GAJA

SRF is expecting a total Rs 28 crore quantum of damage caused, based on the initial assessment. The disruption of operations was due to Cyclone GAJA at the plant of Technical Textiles Business (Viralimalai)......