Crude palm oil extend losses, down 0.19% in futures trade

Crude palm oil prices fell further 0.19 per cent to Rs 529 per 10 kg in futures trading today as traders indulged in trimming their exposure amid muted demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in December shed Re 1, or 0.19 per cent to Rs 529 per 10 kg in business turnover of 180 lots.
On similar lines, the oil for delivery in November contracts eased by 80 paise, or 0.15 per cent to Rs 526.40 per 10 kg in 65 lots.
Analysts said offloading of positions by participants owing to sluggish demand in the spot market against ample stocks position kept pressure on crude palm oil prices at futures trade.