Crude palm oil futures traded lower on MCX as participants trimmed positions on the back of sluggish demand in the spot market. Besides, adequate stocks position on higher supplies from the producing belts too fuelled the downtrend.
The contract for September delivery was trading at Rs 563.40, down by 0.23% or Rs 1.30 from its previous closing of Rs 564.70. The open interest of the contract stood at 4850.00 lots.
The contract for October delivery was trading at Rs 554.00, down by 0.05% or Rs 0.30 from its previous close of Rs 554.30. The open interest of the contract stood at 2023.00 lots on MCX.