Crude Palm Oil futures edge lower on MCX

Crude Palm oil futures traded lower on MCX following a weak trend in the overseas market. Further, profit booking by speculators amid sluggish demand against ample stocks position in the physical market too influenced crude palm oil prices. The contract for May delivery was trading at Rs 526.10, down by 0.45% or Rs 2.40 from its previous closing of Rs 528.50. The open interest of the contract stood at 680 lots. The contract for June delivery was trading at Rs 522.30, down by 0.63% or Rs 3.30 from its previous closing of Rs 525.60. The open interest of the contract stood at 3649 lots on MCX.