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MARKET DEVELOPMENT
Crude palm oil futures fall on subdued demand
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29/05/2017 (india.com) - New Delhi, May 29 (PTI) Crude palm oil prices were trading down by Rs 2.30 to Rs 513.50 per 10 kg in futures trade today as traders offloaded positions due to subdued demand in spot markets.

Furthermore, higher supplies from major producing areas and weak trend at overseas markets weighed on crude palm oil prices at futures trade, analysts said.

At the Multi Commodity Exchange, crude palm oil for delivery in current month eased by Rs 2.30, or 0.44 per cent, to Rs 513.50 per 10 kg, in a business turnover of 55 lots.

The oil for delivery in June traded lower by Rs 1.80, or 0.36 per cent, to Rs 500.90 per 10 kg in 271 lots.

This is published unedited from the PTI feed.