MCX Crude Palm Oil futures dropped today tracking weak global markets amid poor demand from the domestic market. MCX CPO (Crude Palm Oil) August contract is trading at Rs.488.80 per Kg, lower by 0.33% at 16:45 IST against the previous close.
In the earlier sessions the contract traded at a high of Rs.490.50 per Kg and a low of Rs.487.30 per Kg. Open interest of the contract is 1956 lots and volume traded is 444 Kg for the time being.
In global markets, Palm oil slipped on worries over slower overseas demand after top producer Indonesia revised its export tax structure that could make its shipments cheaper and on caution over the global economy.
In the earlier sessions the contract traded at a high of Rs.490.50 per Kg and a low of Rs.487.30 per Kg. Open interest of the contract is 1956 lots and volume traded is 444 Kg for the time being.
In global markets, Palm oil slipped on worries over slower overseas demand after top producer Indonesia revised its export tax structure that could make its shipments cheaper and on caution over the global economy.
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