Crude Palm oil futures traded marginally lower on MCX as speculators booked profits at prevailing levels due to a weak trend in global markets. Besides, ample inventories following higher supplies from the major producing belts too added pressure on crude palm oil prices.
The contract for June delivery was trading at Rs 510.20, down by 0.23% or Rs 1.20 from its previous closing of Rs 511.40. The open interest of the contract stood at 1993 lots.
The contract for July delivery was trading at Rs 506.50, down by 0.22% or Rs 1.10 from its previous closing of Rs 507.60. The open interest of the contract stood at 4832 lots on MCX.
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