Crude palm oil futures once again returned to their declining path tracking weak domestic demand. The trading sentiment weakened further due to adequate supplies from producing belts and profit booking by the traders. Meanwhile, a weakening trend in overseas markets also put pressure on the palm oil prices at futures trade here.
The contract for May delivery was trading at Rs 549.40, down by 0.20% or Rs 1.10 from its previous closing of Rs 550.50. The open interest of the contract stood at 2733 lots.
The contract for June delivery was trading at Rs 546.10, down by 0.02% or Rs 0.10 from its previous closing of Rs 546.20. The open interest of the contract stood at 2129 lots on MCX.
No comments:
Post a Comment