Crude Palm Oil Futures Trade Lower On MCX - Indian Stock Market Tips

Crude palm oil futures traded lower on MCX as traders booked profits amid fall in demand at the spot market. Besides, sufficient stocks position following higher supplies from the producing belts too fuelled the downtrend. The contract for September delivery was trading at Rs 534.50, down by 0.17% or Rs 0.90 from its previous closing of Rs 535.40. The open interest of the contract stood at 4519 lots.

The contract for October delivery was trading at Rs 533.00, down by 0.43% or Rs 2.30 from its previous closing of Rs 535.30. The open interest of the contract stood at 2535 lots on MCX.

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