Profit booking drags CPO future
05/01/2015 15:48
The prices of crude palm oil declined as traders and speculators booked profits in the agri commodity at higher levels on back of lower demand in the spot market. Moreover, surplus from the producing areas also exerted an upward pressure on the agri commodity.
At the MCX, CPO futures for January 2015 contract were trading at Rs. 460.70, down by 0.22 per cent after opening at Rs. 462.80 against the previous close of Rs. 461.70. It touched the intra-day low of Rs. 460.30 till the trading. (At 03.48 PM today)
05/01/2015 15:48
The prices of crude palm oil declined as traders and speculators booked profits in the agri commodity at higher levels on back of lower demand in the spot market. Moreover, surplus from the producing areas also exerted an upward pressure on the agri commodity.
At the MCX, CPO futures for January 2015 contract were trading at Rs. 460.70, down by 0.22 per cent after opening at Rs. 462.80 against the previous close of Rs. 461.70. It touched the intra-day low of Rs. 460.30 till the trading. (At 03.48 PM today)
