 "Palm oil down 0.8% on weak demand")
Crude palm oil futures prices fell by Rs 4.80 to Rs 556.60 per 10 kg today after speculators reduced their exposures largely on subdued spot demand.
At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Rs 4.80, or 0.85%, to Rs 556.60 per 10 kg in business turnover of 228 lots.
Similarly, the oil for delivery in May traded lower by Rs 3.90, or 0.70%, to Rs 552.50 per 10 kg in 93 lots.
Traders said reports of a weakening trend in the domestic spot markets amid adequate stocks, mainly led to a fall in crude palm oil prices in the future trade.
At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Rs 4.80, or 0.85%, to Rs 556.60 per 10 kg in business turnover of 228 lots.
Similarly, the oil for delivery in May traded lower by Rs 3.90, or 0.70%, to Rs 552.50 per 10 kg in 93 lots.
Traders said reports of a weakening trend in the domestic spot markets amid adequate stocks, mainly led to a fall in crude palm oil prices in the future trade.