Don’t miss the latest developments in business and finance.

Crude palm oil futures decline on profit taking

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:04 AM IST

Crude palm oil prices declined by Rs 0.90, or 0.24 per cent, to Rs 373.20 per 10 kg in futures trade today on profit taking by speculators at existing higher levels.

Sluggish demand in spot markets also influenced the trading sentiment.

At the Multi Commodity Exchange counter, crude palm oil for September declined by Rs 0.90, or 0.24 per cent, to Rs 373.20 per 10 kg, with an open interest of 821 lots.

Similarly, the oil for delivery in August-month lost Rs 0.30, or 0.08 per cent, to Rs 375.80 per 10 kg, with an open volume of 1,650 lots.

Marketmen said, profit taking by traders on subdued demand in the spot market led to a fall in crude palm oil prices at futures trade.

Also Read

First Published: Jul 20 2010 | 2:53 PM IST

Next Story