 "Crude palm oil down 0.3% for third day on weak demand")
Crude palm oil prices slid for the third day today losing 0.33% to Rs 546 per 10 kg in futures trade on weak demand in spot markets.
At the Multi Commodity Exchange, crude palm oil for delivery in September fell further by Rs 1.80, or 0.33% to Rs 547 per 10 kg in business turnover of 449 lots.
Similarly, the oil for delivery in October fell by Rs 1.30, or 0.24% to Rs 541.10 per 10 kg in 116 lots.
Analysts said speculators trimmed their positions on the back of weak demand in the spot market against adequate stocks positions mainly kept pressure on crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in September fell further by Rs 1.80, or 0.33% to Rs 547 per 10 kg in business turnover of 449 lots.
Similarly, the oil for delivery in October fell by Rs 1.30, or 0.24% to Rs 541.10 per 10 kg in 116 lots.
Analysts said speculators trimmed their positions on the back of weak demand in the spot market against adequate stocks positions mainly kept pressure on crude palm oil prices at futures trade.