Sluggish demand drag down crude palm oil futures 0.38%

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Press Trust of India New Delhi
Last Updated : Sep 29 2015 | 11:07 AM IST
Amid low domestic demand and higher supplies from producing regions, crude palm oil fell 0.38 per cent to Rs 417.60 per 10 kg in futures trade today.
At the Multi Commodity Exchange, crude palm oil for delivery in October fell by Rs 1.60, or 0.38 per cent to Rs 417.60 per 10 kg in business turnover of 122 lots.
Likewise, the oil for delivery in September contracts shed 10 paise, or 0.02 per cent to Rs 422.10 per 10 kg in 58 lots.
Marketmen said besides subdued demand in the spot market, adequate stocks position on higher supplies from producing belts in the physical market influenced crude palm oil prices in futures trade.

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First Published: Sep 29 2015 | 11:07 AM IST

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