Monday, 12 May 2014

Crude Palm Oil futures edge lower on MCX

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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