Crude palm oil futures edge lower on subdued demand

Crude palm oil futures edged lower on MCX due to subdued demand in the spot market against higher supplies from the major producing belts. Further, weak Malaysian palm oil export data too influenced crude palm oil prices. The contract for April delivery was trading at Rs 567.70/10Kg, down by 0.04% or Rs 0.20 from its previous closing of Rs 567.90/10 Kg. The open interest of the contract stood at 495 lots. The contract for May delivery was trading at 565.20/10Kg, down by 0.23% or Rs 1.30 from its previous closing of Rs 566.50/10 Kg. The open interest of the contract stood at 3304 lots on MCX.