• Corporate
• Markets
• Marketing
• Money & Banking
• Agri-Biz & Commodities
• Industry & Economy
• Logistics
• Opinion
• Columns
• States
• Web Extras
• Index

• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

• Rates
  
  

• Ports

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Subscription

• Business Line

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

NEW DELHI: Crude palm oil futures prices declined by Rs 6.50 to Rs 369.50 per kg today on emergence of profit-taking, driven by subdued demand in physical markets.

Trading sentiment remained bearish as palm oil futures in Malaysia traded moderately lower on slowdown in demand for the commodity among biofuel producers.

Crude palm oil for March contract dipped by Rs 6.50 or 1.73 per cent to Rs 369.50 per 10 kg at the Multi Commodity Exchange with a business turnover of 369 lots.

The oil for February contract eased by Rs 5.70 or 1.54 per cent to Rs 365.50 per 10 kg in 499 lots, while current January contract moved down by Rs 4.60 or 1.25 per cent to Rs 362 per 10 kg in 360 lots.

Traders said besides profit-taking by speculators, fall in demand against adequate stocks in physical markets led to fall in crude palm oil prices at futures market. - PTI

Prev: Commexes’ 2009 turnover up 40.8% at Rs 70 lakh cr
Next: Refined soya oil futures fall

Copyright © 2010, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line