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14-Sep2018

Crude palm oil futures trade tad lower on profit booking

Crude palm oil futures traded slightly lower on MCX, due to profit taking after prices rose amid improving demand from the stockists ahead of festive season. However, downside is limited with the  higher export demand and lower stock levels followed by minimum supplies.

The contract for September delivery was trading at Rs 595.50, down by 0.03 % or Rs 0.20 from its previous closing of Rs 595.70. The open interest of the contract stood at 5773 lots.

The contract for October delivery was trading at Rs 599.00, down by 0.05 % or Rs 0.30 from its previous closing of Rs 599.30. The open interest of the contract stood at 4621 lots on MCX.


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