09/08/2011 (Commodity Online) - Crude palm oil futures declined on Monday tracking weak global markets and on sluggish demand in the local markets.

At MCX CPO August contract is currently trading at Rs.476 per Kg, slight higher by 0.25% against the previous close.

In the earlier sessions the contract traded at a low of 472 per Kg and a high of Rs.479. Open interest of the contract is 6138 lots and volume traded is 1038 Kg so far.

Meanwhile, Malaysia palm oil for October-delivery declined as much as 1.2% to 3,015 ringgit ($999) a tonne on the Malaysia Derivatives Exchange.