NEW DELHI –Crude palm oil (CPO) price decreased 0,25 % to be Rs4438,50/10 kg in the exchange on Thursday (16/4)because some speculators cut off the position for the decreasing demands in the spot markets.
Business Standard wrote, in Multi Commodity Exchange, the CPO price in May delivery decreased Rs1,10 or 0,25 % ke Rs438,50/10 kg in the business turnover 58 lots. And so did it in April delivery which was lower 0,60 paise, or 0,13 % to be Rs437,40/10 kg in 114 lots.
Market analyst said, the speculant broke up the position for the state demands in the spot market to the available stock which made the decreasing CPO exchange. (T3)
