MCX CRUDE PALM OIL FALLS BY 0.3% ON DEMAND

CRUDE PALM OIL trading range for the day is 448.7-468.3. Crude palm oil prices traded lower by 0.32% to Rs 461 per 10 kg in futures trade today as speculators engaged in reducing positions. 

MCX crude palm oil for delivery in April eased by Rs 1.50, or 0.32%, to Rs 461 per 10 kg in a business turnover of 37 lots.
In a similar fashion, the oil for delivery in March shed Rs 1.10, or 0.24%, to Rs 458.70 per 10 kg in 67 lots.
Malaysia palm oil exports during Feb 1-20 dropped 3.61% compared to a month earlier on weak demand from China and Middle East.
Malaysia palm oil exports slipped to 677,172 tons in Feb 1-20 compared to 702,581 tons for the same period a month ago.
Crude palm oil prices in spot market dropped by 3.10 and settled at 451.20 rupees.
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