 "Crude palm oil down 0.60% on subdued demand")
Crude palm oil prices went down by 0.60 per cent to Rs 457.30 per 10 kg in futures trade today as speculators trimmed positions amid low demand in the spot market.
Further, ample stocks position in the physical market following higher supplies from producing regions too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in December eased by Rs 2.80, or 0.60 per cent, to Rs 457.30 per 10 kg in business turnover of 121 lots.
Market analysts said offloading of positions by speculators due to subdued demand in the spot market against adequate supplies, mainly led to a fall in crude palm oil prices.
Further, ample stocks position in the physical market following higher supplies from producing regions too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in December eased by Rs 2.80, or 0.60 per cent, to Rs 457.30 per 10 kg in business turnover of 121 lots.
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The November contract traded lower by Rs 2, or 0.44 per cent, to Rs 444.90 per 10 kg in 40 lots.
Market analysts said offloading of positions by speculators due to subdued demand in the spot market against adequate supplies, mainly led to a fall in crude palm oil prices.