CRUDE PALM OIL FALLS BY 0.5% ON SLUGGISH SPOT DEMAND

Crude palm oil prices fell by 0.50% to Rs 453.20 per 10 kg in futures trade today amid sluggish demand in the spot market.
Also, adequate stock in the market fueled the downtrend.
At Multi Commodity Exchange, crude palm oil for delivery in July month eased by Rs 2.30, or 0.50% to Rs 453.20 per 10 kg in business turnover of 23 lots.
Similarly, the oil for delivery in June contracts shed Rs 2, or 0.44% to Rs 453.40 per 10 kg in 36 lots.
Crude palm oil prices fell by 0.50% to Rs 453.20 per 10 kg in futures trade today amid sluggish demand in the spot market.
Also, adequate stock in the market fueled the downtrend.
At Multi Commodity Exchange, crude palm oil for delivery in July month eased by Rs 2.30, or 0.50% to Rs 453.20 per 10 kg in business turnover of 23 lots.
Similarly, the oil for delivery in June contracts shed Rs 2, or 0.44% to Rs 453.40 per 10 kg in 36 lots.
Analysts said offloading of positions by speculators, triggered by low demand in the spot market against adequate stock , mainly pulled down crude palm oil prices at futures trade.

CapitalStars is a research house and an investment advisory company carrying out operations in the Indian Equities and commodity market. CapitalStras also ave-liable on Twitter , linkedin and facebook .Get real time advice for Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips Services and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.