Profit booking drags CPO future 05/01/2015

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)

Higher supplies, lower demand drags CPO future 20/06/2014

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)