Crude Palm Oil futures edge lower on subdued demand

Crude Palm Oil futures traded down on MCX as speculators offloaded positions due to subdued demand in the spot market. The sentiments declined further after the supplies for the agri commodity exceeded the demand. The contract for April delivery was trading at Rs 564.30, down by 0.46% or Rs 2.60 from its previous closing of Rs 566.90. The open interest of the contract stood at 1779.00 lots. The contract for May delivery was trading at Rs 561.90, down by 0.32% or Rs 1.80 from its previous closing of Rs 563.70. The open interest of the contract stood at 4154.00 lots on MCX.