# Muted demand drags down crude palm oil futures by 0.63%

> 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.

- Date: 2017-02-16 · published 2017-02-16T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/11857-muted-demand-drags-down-crude-palm-oil-futures-by-0-63
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Soft spot demand and comfortable stocks weigh on palm oil values, and the position liquidation adds to the downward pressure.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/muted-demand-drags-down-crude-palm-oil-futures-by-0-63-117021600212_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.