Crude Palm Oil futures traded down on MCX following subdued demand against higher supply from producing regions in the physical market. But, concerns that monsoon rains could curb output in December, capped some losses in crude palm oil prices to some extent.
The contract for December delivery was trading at Rs 413.90, down by 0.72% or Rs 3.00 from its previous closing of Rs 416.90. The open interest of the contract stood at 2609 lots.
The contract for January delivery was trading at Rs 421.60, down by 0.68% or Rs 2.90 from its previous closing of Rs 424.50. The open interest of the contract stood at 4169 lots on MCX.
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