Crude palm oil continue to move downwards
The prices of crude palm oil declined for the third consecutive day on Monday after traders and speculators exited the positions in the agri commodity as demand declined at the spot market. The sentiment declined further on excessive supplies of the commodity against the limited demand At the MCX, Crude Palm Oil future for May 2014 contract traded at Rs. 542.60 per 10 kg, down by 0.82 per cent after opening at Rs. 543.10 against the previous close of Rs. 547.10. It touched the intra-day low of Rs. 541.50 till the trading. (At 02.53 PM today)
The prices of crude palm oil declined for the third consecutive day on Monday after traders and speculators exited the positions in the agri commodity as demand declined at the spot market. The sentiment declined further on excessive supplies of the commodity against the limited demand At the MCX, Crude Palm Oil future for May 2014 contract traded at Rs. 542.60 per 10 kg, down by 0.82 per cent after opening at Rs. 543.10 against the previous close of Rs. 547.10. It touched the intra-day low of Rs. 541.50 till the trading. (At 02.53 PM today)
