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07-Sep2018

Crude palm oil futures trade lower on weak demand

Crude palm oil futures traded lower on MCX as participants trimmed their positions, tracking weak demand at the spot market. Further, sufficient stocks position following increased supplies from the producing regions also weighed on crude palm oil futures.

The contract for September delivery was trading at Rs 605.00, down by 0.25% or Rs 1.50 from its previous closing of Rs 606.50. The open interest of the contract stood at 6309 lots.

The contract for October delivery was trading at Rs 607.90, down by 0.30% or Rs 1.80 from its previous closing of Rs 609.70. The open interest of the contract stood at 4405 lots on MCX.

 


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