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Crude palm oil futures on India's Multi Commodity Exchange fell about 0.6% on 16 February 2017, with February delivery down to Rs 567.50 per 10 kg. Speculators trimmed positions amid weak spot demand and ample stocks.
Soft spot demand and comfortable stocks weigh on palm oil values, and the position liquidation adds to the downward pressure.
business-standard.comPress Trust of IndiaFeb 16, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
