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MARKET DEVELOPMENT
MCX CPO Declines on Short Selling
calendar10-08-2011 | linkCommodity Online | Share This Post:

10/08/2011 (Commodity Online) - Crude Palm Oil futures declined today tracking global markets and on active selling by the traders.

At MCX CPO August contract is now trading at Rs.471 per Kg, lower by 1.03% against the previous close.

In the morning session the contract traded at a range of Rs.469.10-476.90 per Kg. Open interest of the contract is 5159 lots and volume traded is 1452Kg as of now.

Meanwhile, palm oil declined as much as 2.5% to $959 a tonne on the Malaysia Derivatives Exchange.