# Crude Palm Oil futures flat at Rs 1,141/10 kg after 5 days of losses; outlook bearish- Moneycontrol.com

> Crude palm oil futures in India were flat at Rs 1,141 per 10 kg after five straight days of losses, as traders added short positions. The government cut crude palm oil import duty to 10% from 27.5% the previous week to curb high edible oil prices. Malaysian palm oil futures rose 4.34% to 4,060 ringgit.

- Date: 2021-06-02 · published 2021-06-02T12:00:00.000Z
- Category: market · region India · magnitude medium
- Page: https://feedsoft.ai/events/6351-crude-palm-oil-futures-flat-at-rs-1-141-10-kg-after-5-days-of-losses-outlook
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weak Indian and Chinese demand, along with softer exports from Malaysia and Indonesia, points to continued pressure on palm oil prices despite the duty cut. Buyers should expect the bearish trend to persist in the near term.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/crude-palm-oil-futures-flat-at-rs-114110-kg-after-5-days-of-losses-outlook-bearish-6978041.html

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