Wednesday 25 March 2015

CRUDE PALM OIL REMAINS WEAK ON SLUGISH SPOT DEMAND

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Crude palm oil prices fell by 0.11 per cent to Rs 438.50 per 10 kg in futures trade today as participants off loaded positions amid a weak trend at spot market on subdued demand.
At the MCX crude palm oil for delivery in March shed 50 paise, or 0.11 per cent, to Rs 438.50 per 10 kg in a business turnover of 14 lots.
The April contract traded lower by 30 paise, or 0.07 per cent, to Rs 442.50 per 10 kg in 13 lots.
Crude palm oil prices in spot market dropped by 3.20 and settled at 435.10 rupees .
Malaysia palm oil exports during Mar 1-20 dropped 5.54% compared to a month earlier on weak demand.
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