Friday, 8 November 2013

MCX Crude palm oil declines for second consecutive day

The prices of MCX Crude palm oil declined for the second consecutive day on Friday after traders and speculators exited the positions in the agri commodity due to weak demand in the spot market. The sentiment weakened further due to adequate stocks position against less demand for the commodity. At the MCX, Crude Palm Oil future for November 2013 contract traded at Rs. 557.70 per 10 kg, down by 0.75 per cent after opening at Rs. 560.90 against the previous close of Rs. 561.90. It touched the intra-day low of Rs. 557.20 till the trading.

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