MCX CPO down on weak demand at high price levels

Futures contracts of crude palm oil were down on the MCX as demand from market participants remained subdued at prevailing high prices. Prices of crude palm oil have risen around 6% since Nov 15 on the MCX, after the government raised base import price and import duty on the commodity. The most-active December contract was trading down 0.53% at 583.3 rupees per 10 kg on the MCX.