Crude Palm oil futures was trading lower on MCX, tracking weakness in spot demand and overseas prices as recent rains in the top producing countries have eased the threat of a supply shortfall. Further, decline in comparative vegetable oil prices too added pressure on crude palm oil prices.
The contract for May delivery was trading at Rs 548.20, down by 0.24% or Rs 1.30 from its previous closing of Rs 549.50. The open interest of the contract stood at 2491 lots.
The contract for June delivery was trading at Rs 544.40, down by 0.20% or Rs 1.10 from its previous closing of Rs 545.50. The open interest of the contract stood at 2205 lots on MCX.
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