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Business Daily from THE HINDU group of publications Thursday, July 2, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1200 hrs (IST)
Commodities Palm oil futures fall on subdued demand NEW DELHI: Crude palm oil prices fell by 2 per cent in early trade on the Multi Commodity Exchange on Thursday as traders reduced their positions on increased arrivals from overseas markets against subdued demand in the spot market. At 1030 hrs, MCX platform, crude palm oil for the most-active July-month contract was trading 2 per cent down at Rs 329.10 per 10 kg, with trading volume of 112 lots. Similarly, oil for far-month August contract declined by 1.99 per cent to 329.30 per 10 kg, with trading business volume of 51 lots. Market analysts said the increased arrivals from overseas market and sluggish demand in the spot market mainly led to a fall in crude palm oil prices. - PTI
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