 "Crude palm oil down 0.2% on subdued demand")
Crude palm oil prices slide by 0.26% to Rs 530.50 per 10 kg in futures trading today as speculators trimmed their positions, tracking a weak trend at spot market on subdued demand.
At the MultiCommodity Exchange, crude palm oil for delivery in August declined by Rs 1.40, or 0.26%, to Rs 530.50 per 10 kg in business turnover of 505 lots.
Likewise, the oil for delivery in September edged lower by 90 paise, or 0.17%, to Rs 525.60 per 10 kg in 420 lots.
Market analysts said speculators trimmed their positions, tracking a weak trend at spot market on subdued demand mainly influenced crude palm oil prices at futures trade.
At the MultiCommodity Exchange, crude palm oil for delivery in August declined by Rs 1.40, or 0.26%, to Rs 530.50 per 10 kg in business turnover of 505 lots.
Likewise, the oil for delivery in September edged lower by 90 paise, or 0.17%, to Rs 525.60 per 10 kg in 420 lots.
Market analysts said speculators trimmed their positions, tracking a weak trend at spot market on subdued demand mainly influenced crude palm oil prices at futures trade.