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Crude palm oil futures on the Multi Commodity Exchange fell about 0.97 percent to Rs 541.50 per 10 kg in early trade as speculators trimmed positions. Spot demand eased against adequate stocks and rising arrivals from producing regions.
Softer spot demand and ample supplies weigh on palm oil prices, which pressure substitute vegetable oils and related feed inputs. The move is a routine downside correction rather than a supply shock.
business-standard.comPress Trust of IndiaMar 1, 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.
Same-day report of weak spot demand, adequate stocks and speculative position trimming in palm futures, directly consistent with a sharp one-day drop, though its 0.97% decline is much smaller than the move.
