 "Crude palm oil down 0.1% on low demand")
Crude palm oil traded a shade lower at Rs 535 per 10 kg in futures market today as speculators trimmed positions, tracking a weak trend at spot market due to subdued demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October weakened by 50 paise, or 0.09%, to Rs 535 per 10 kg in business turnover of 4 lots.
Similarly, the oil for delivery in November traded lower by 30 paise, or 0.06%, to Rs 534.20 per 10 kg in 10 lots.
Analysts said partial offloading of positions by speculators, tracking a weak trend at spot market owing to subdued demand mainly influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in October weakened by 50 paise, or 0.09%, to Rs 535 per 10 kg in business turnover of 4 lots.
Similarly, the oil for delivery in November traded lower by 30 paise, or 0.06%, to Rs 534.20 per 10 kg in 10 lots.
Analysts said partial offloading of positions by speculators, tracking a weak trend at spot market owing to subdued demand mainly influenced crude palm oil prices at futures trade.