Crude palm oil futures traded lower on MCX as speculators booked profits at prevailing higher levels amid fall in demand at the spot market. Besides, adequate stocks position on increased supplies from producing regions too weighed on crude palm oil prices.
The contract for July delivery was trading at Rs 484.30, down by 0.49% or Rs 2.40 from its previous closing of Rs 486.70. The open interest of the contract stood at 5412 lots.
The contract for August delivery was trading at Rs 477.00, down by 0.58% or Rs 2.80 from its previous closing of Rs 479.80. The open interest of the contract stood at 2247 lots on MCX.