Higher supplies, lower demand drags CPO future
20/06/2014 14:54
The prices of crude palm oil declined at the domestic commodity market on Friday after the demand dropped as traders and speculators reduced their positions in the agri commodity. The sentiment weakened further on excess supplies of the agri commodity from the producing areas and lesser demand at the spot market. At the MCX, Crude Palm Oil future for June 2014 contract traded at Rs. 526.90 per 10 kg, down by 0.38 per cent after opening at Rs. 528.10 against the previous close of Rs. 528.90. It touched the intra-day low of Rs. 526.50 till the trading. (At 02.55 PM today)
20/06/2014 14:54
The prices of crude palm oil declined at the domestic commodity market on Friday after the demand dropped as traders and speculators reduced their positions in the agri commodity. The sentiment weakened further on excess supplies of the agri commodity from the producing areas and lesser demand at the spot market. At the MCX, Crude Palm Oil future for June 2014 contract traded at Rs. 526.90 per 10 kg, down by 0.38 per cent after opening at Rs. 528.10 against the previous close of Rs. 528.90. It touched the intra-day low of Rs. 526.50 till the trading. (At 02.55 PM today)
