Crude palm oil down as demand declines 23/05/2014 15:25

Crude palm oil down as demand declines
23/05/2014 15:25
The prices of crude palm oil declined at the domestic commodity market as the tarders and speculators exited the positions in the agri commodity as demand dropped at the spot market. The sentiment weakened further after the demand for the agri commodity was lesser than the supplies of the commodity. At the MCX, Crude Palm Oil future for May 2014 contract traded at Rs. 534 per 10 kg, down by 0.76 per cent after opening at Rs. 536.70 against the previous close of Rs. 538.10. It touched the intra-day low of Rs. 533.30 till the trading. (At 03.27 PM today)

Crude palm oil continue to move downwards

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)