mcx crude palm oil prices july 24 2012

mcx crude palm oil prices july 24 2012 : Crude palm oil remained weak for the second straight day today as prices fell further by Rs 5.80 to Rs 571.90 per 10 kg in futures trade because of sluggish demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in September month fell by Rs 5.80, or 1 per cent to Rs 571.90 per 10 kg in business turnover of 221 lots.

Likewise, oil for delivery in July contract shed Rs 4.80, or 0.85 per cent to Rs 569.90 per 10 kg in 75 lots.

Marketmen said sluggish demand against adequate stocks position in the physical market mainly kept pressure on crude palm oil prices at futures trade.

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