Crude palm oil futures prices in India declined May 6 2011

Crude palm oil futures prices in India declined May 6 2011 ; Crude palm oil futures in India declined Friday tracking weak overseas market and on sluggish demand in the physical market. The commodity closed at Rs.510.30 subsequent to touching a high of Rs.511 and a low of Rs.504.70.

Traders said besides weakening trend in overseas markets, subdued demand in the spot market led to the fall in crude palm oil futures prices.

Crude palm oil for the July-delivery contract declined by 1.8% to $1,057 a metric ton on the Malaysia Derivatives Exchange, the lowest since March 24. For the latest updates PRESS CTR + D or visit Stock Market news Today

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