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Crude palm oil futures trade lower on MCX

Crude palm oil futures traded lower on MCX, as traders locked-in gains at prevailing higher levels after the prices rose on expectation of higher imports of palm oil. Besides, muted demand in the physical market also led to the decline in CPO price at future trade.

The contract for May delivery was trading at Rs 658.50, down by 0.39% or Rs 2.60 from its previous closing of Rs 661.10. The open interest of the contract stood at 4166 lots.

The contract for June delivery was trading at Rs 659.40, down by 0.27% or Rs 1.80 from its previous closing of Rs 661.20. The open interest of the contract stood at 2556 lots on MCX.

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