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26-Mar2019

Crude palm oil futures trade lower on subdued demand

Crude palm oil futures traded marginally lower on MCX, in line with weak cues from overseas and on report of higher stock levels of edible oil compared to last year ports. Moreover, subdued spot demand pressurized the CPO rates.

The contract for March delivery was trading at Rs 519.00, down by 0.23% or Rs 1.20 from its previous closing of Rs 520.20. The open interest of the contract stood at 1828 lots.

The contract for April delivery was trading at Rs 525.50, down by 0.13% or Rs 0.70 from its previous closing of Rs 526.20. The open interest of the contract stood at 3880 lots on MCX.


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