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Crude palm oil down on overseas cues

Fall in crude palm oil prices at futures trade was mostly attributed to a weakening trend overseas

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:46 PM IST

Crude palm oil futures prices fell by Rs 5.40 to Rs 425.30 per 10 kg today as traders reduced their positions, influenced by a weakening trend overseas.

At the Multi Commodity Exchange, the November contract fell by Rs 5.40, or 1.25%, to Rs 425.30 per 10 kg, with a business turnover of 501 lots.

The December contract lost Rs 5.10, or 1.19 per cent, to Rs 420.50 per 10 kg in 375 lots.

Market analysts said the fall in crude palm oil prices at futures trade was mostly attributed to a weakening trend overseas.

Meanwhile, palm oil declined by 2.50% to $762 a metric tonne on the Malaysia Derivatives Exchange.

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First Published: Nov 09 2012 | 3:07 PM IST

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