Category : Commodity Headline : Crude Palm Oil futures dip - TopicsExpress



          

Category : Commodity Headline : Crude Palm Oil futures dip amid profit-booking Date : Jun-27-2013 Crude Palm Oil (CPO) futures fell in the domestic market on Thursday as investors and speculators booked profits in the agri commodity amid weak physical demand for CPO in the domestic spot market. Subdued cues from overseas markets amid concerns that demand for CPO may weaken as supply of soybean oil rises, also exerted downward pressure on domestic prices. At the Multi-Commodity Exchange (MCX), CPO futures for the June 2013 contract are trading at 504.50 per 10 kg, down by 0.16 per cent, after opening at Rs 503, against a previous close of Rs 505.30. It touched an intra-day low of Rs 503. (At 16:01PM).
Posted on: Thu, 27 Jun 2013 12:10:38 +0000

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