Friday 29 May 2015

CRUDE PALM OIL SLIP BY 0.2% ON PROFIT BOOKING

 Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips ServicesCrude palm oil prices eased by 0.22% to Rs 448.90 per 10 kg in futures trade today as speculators booked profits at prevailing high levels coupled with fall in spot demand.
At the MCX crude palm oil for delivery in June month declined by Re 1, or 0.22% to Rs 448.90 per 10 kg in business turnover of 62 lots.
However, the oil for delivery in May held steady at Rs 456.70 per 10 kg in 6 lots.
Market analysts said profit-booking by speculators at existing high levels and fall in demand in the spot market against adequate stocks position mainly kept pressure on crude palm oil prices.

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