NEW DELHI – Crude palm oil (CPO) price decreased 2,25% to be Rs 430,60 per 10 kg in the stock exchange, Tuesday (27/1), as the speculants cut off the decreasing trend in the spot markets.
Business Standard wrote, in the Multi Commodity Exchange, the CPO price on delivery in February decreased Rs 9,90, or 2,25% to be Rs 430,60 per 10 kg in the business turnover 244 lots. It did too in palm oil delivery in January which was traded in the lower price, that is, Rs 9,40, or 2,16% to be Rs 425,20 per 10 kg in the business turnover 70 lots.
The market analysis said, the speculants decreased th position for the weak demands in the spot markets which decreased the CPO price in the stock exchange. (T3)
