Crude Palm Oil (CPO) Futures Trade Down On Profit-Booking - Nifty Future Tips

Crude palm oil futures traded down on MCX as traders booked profits amid fall in demand at the spot market. Besides, sufficient stock position following higher supplies from the producing belts too fuelled the downtrend. The contract for August delivery was trading at Rs 482.80, down by 0.76% or Rs 3.70 from its previous closing of Rs 486.50. The open interest of the contract stood at 3641 lots.

The contract for September delivery was trading at Rs 483.00, down by 0.82% or Rs 4.00 from its previous closing of Rs 487.00. The open interest of the contract stood at 1754 lots on MCX.

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