CPO traders lower on reduced demand
18/11/2014 15:02
The prices of crude palm oil declined on Tuesday as traders and speculators exited the positions in the agri commodity due to weak global cues. According to the analysts, excess supplies against limited supplies dragged the prices lower.
At the MCX, Crude Palm Oil future for November 2014 contract traded at Rs. 446.60 per 10 kg, down by 0.53 per cent after opening at Rs. 449 against the previous close of Rs. 449. It touched the intra-day low of Rs. 445.20 till the trading. (At 03.21 PM today)
18/11/2014 15:02
The prices of crude palm oil declined on Tuesday as traders and speculators exited the positions in the agri commodity due to weak global cues. According to the analysts, excess supplies against limited supplies dragged the prices lower.
At the MCX, Crude Palm Oil future for November 2014 contract traded at Rs. 446.60 per 10 kg, down by 0.53 per cent after opening at Rs. 449 against the previous close of Rs. 449. It touched the intra-day low of Rs. 445.20 till the trading. (At 03.21 PM today)
