 "Crude palm oil softens 0.21% on low demand")
Crude palm oil prices softened by 0.21 per cent to Rs 533.30 per 10 kg in futures trading today as speculators reduced holdings due to low demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in February shed Rs 1.10, or 0.21 per cent, to Rs 533.30 per 10 kg in business turnover of 89 lots.
The January contract was down 90 paise, or 0.17 per cent, to Rs 529.20 per 10 kg in 32 lots.
Analysts said the weakness in crude palm oil at futures trade was due to offloading of positions by speculators on low demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in February shed Rs 1.10, or 0.21 per cent, to Rs 533.30 per 10 kg in business turnover of 89 lots.
The January contract was down 90 paise, or 0.17 per cent, to Rs 529.20 per 10 kg in 32 lots.
Analysts said the weakness in crude palm oil at futures trade was due to offloading of positions by speculators on low demand in the spot market against adequate stocks position.