CO:MCX crude palm oil tumbles tracking weak global cues
MUMBAI (Commodity Online):Crude palm oil futures declined Thursday on fresh selling by the traders tracking poor global cues.
In MCX cpo December is trading at Rs.511.50 per 10 Kg, down by 1.35 per cent on 16:00 IST against the previous close.
In the morning session the contract traded at a range of Rs.521.90-511 per 10 Kg. Open interest of the contract is 2219 lots and volume traded is 689 lots for the time being.
Traders said offloading of positions by speculators on the back of a weakening global trend mainly led to the fall in Crude Palm Oil prices in futures trade.
