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Crude palm oil futures on the Multi Commodity Exchange of India fell 0.19% to Rs 575.70 per 10 kg. Speculators trimmed positions amid sluggish spot demand and adequate stocks from higher supplies in producing regions.
Weak Indian futures reflect soft demand and ample stocks, which keeps pressure on palm oil prices in the near term.
business-standard.comPress Trust of IndiaDec 7, 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.
On Dec 7 Indian CPO futures fell on sluggish spot demand and adequate stocks, which confirms weak demand and ample supply in a key importing market, though the move itself was small.
