Crude palm oil futures extend losses, down 0.66%
At Multi Commodity Exchange, crude palm oil for delivery in September month traded lower by Rs 2.70, or 0.66 per cent to Rs 407.70 per 10 kg.
By PTI | Updated:
NEW DELHI: Continued its losing streak for the fifth straight day, crude palm oil shed another 0.66 per cent to Rs 407.70 per 10 kg in futures trade today owing to slackened demand in the spot market amid a weak global trend.
At Multi Commodity Exchange, crude palm oil for delivery in September month traded lower by Rs 2.70, or 0.66 per cent to Rs 407.70 per 10 kg in business turnover of 78 lots.
On similar lines, the oil for delivery in August contracts shed Rs 1.80, or 0.44 per cent at Rs 406.50 per 10 kg in 109 lots.
Analysts said offloading of positions by speculators on the back of low demand in the spot market amid weak global cues mainly influenced crude palm oil prices at futures trade.
At Multi Commodity Exchange, crude palm oil for delivery in September month traded lower by Rs 2.70, or 0.66 per cent to Rs 407.70 per 10 kg in business turnover of 78 lots.
On similar lines, the oil for delivery in August contracts shed Rs 1.80, or 0.44 per cent at Rs 406.50 per 10 kg in 109 lots.
Analysts said offloading of positions by speculators on the back of low demand in the spot market amid weak global cues mainly influenced crude palm oil prices at futures trade.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
India's vegetable oil imports surge 51% in September on higher crude palm oil shipments2025-10-15T11:16:57Z- Edible oils import up 34pc to 15.29 lakh tonne in Nov; crude palm oil shipment at record high2022-12-14T11:30:05Z
- Indonesia mulls more frequent setting of crude palm oil reference price2022-07-06T05:58:38Z
ADVERTISEMENT
