Increased supplies, lower demand drags CPO
20/08/2014 14:56
The prices of crude palm oil declined for the fourth consecutive day on Wednesday after the traders and speculators exited the positions in the agri commodity as the demand in the spot market dropped. The prices fell further on excess supplies from the producing areas. At the MCX, Crude Palm Oil future for August 2014 contract traded at Rs. 477.10 per 10 kg, down by 3.38 per cent after opening at Rs. 493.70 against the previous close of Rs. 493.80. It touched the intra-day low of Rs. 474.60 till the trading. (At 02.56 PM today)
20/08/2014 14:56
The prices of crude palm oil declined for the fourth consecutive day on Wednesday after the traders and speculators exited the positions in the agri commodity as the demand in the spot market dropped. The prices fell further on excess supplies from the producing areas. At the MCX, Crude Palm Oil future for August 2014 contract traded at Rs. 477.10 per 10 kg, down by 3.38 per cent after opening at Rs. 493.70 against the previous close of Rs. 493.80. It touched the intra-day low of Rs. 474.60 till the trading. (At 02.56 PM today)
