Crude Palm oil futures traded lower on MCX as speculators reduced their positions due to weak demand in the spot market against ample stocks position. However, gains in overseas palm oil markets due to higher exports, capped some losses in crude palm oil prices to some extent.
The contract for May delivery was trading at Rs 544.50, down by 0.48% or Rs 2.60 from its previous closing of Rs 547.10. The open interest of the contract stood at 2175 lots.
The contract for June delivery was trading at Rs 541.90, down by 0.64% or Rs 3.50 from its previous closing of Rs 545.40. The open interest of the contract stood at 3314 lots on MCX.
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