Last Updated : March 17, 2010 14:05
Crude Palm Oil falls on dull demand
MCX April CPO closed lower Rs 0.50 at Rs 371.10/10 Kg on Tuesday, from its high of the day (371.60) and touched a low of 368.50 levels.
The benchmark June contract on BMD CPO ended lower at MYR 2569/tonnes on Tuesday, down MYR 6/tonnes as compared to previous close, from its high of the day 2686 levels and touched a low of MYR 2546/tonnes.
Spread between NCDEX & MCX April Ref Soy Oil contracts are Rs -1.70 against previous day of Rs -2.95 per 10 Kg.
As per SGS (Cargo Surveyor, Malaysia) Malaysia‘s palm oil exports during the March 1-10 were at 434,340 metric tonnes, up 5.8% as compared to previous month.
Courtesy: Angel Commodities
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