Business Standard

Crude palm oil down 0.6% on subdued demand

Prices fell as speculators booked profits at prevailing levels

Press Trust of India New Delhi
Crude palm oil futures for May declined by Rs 2.70, or 0.57%, to Rs 465 per 10 kg in 315 lots.

At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 2.30, or 0.49%, to Rs 462.80 per 10 kg in 375 lots.

Prices fell as speculators booked profits at prevailing levels driven by weak spot market trend owing to subdued demand.

Further, weakening overseas markets trend also put pressure on the prices.

On the Malaysia Derivatives Exchange (MDEX), the June contract fell by 1.70% to $768 a tonne.

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First Published: Apr 05 2013 | 2:30 PM IST

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