 "Palm oil down 0.6% on subdued demand")
Crude palm oil prices fell by 0.61 per cent to Rs 451.10 per 10 kg in futures trading today as participants offloaded positions due to subdued demand at spot market.
Besides, higher supplies from major producing areas and a weak trend at overseas market put pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in July declined by Rs 2.80, or 0.61 per cent, to Rs 451.10 per 10 kg in a business turnover of 135 lots.
Marketmen said besides a subdued demand, adequate stock in the physical market and a weak trend overseas put pressure on crude palm oil prices in futures trade.
Besides, higher supplies from major producing areas and a weak trend at overseas market put pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in July declined by Rs 2.80, or 0.61 per cent, to Rs 451.10 per 10 kg in a business turnover of 135 lots.
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Similarly, the oil for delivery in June traded lower by Rs 2.40, or 0.52 per cent, to Rs 451.60 per 10 kg in 95 lots.
Marketmen said besides a subdued demand, adequate stock in the physical market and a weak trend overseas put pressure on crude palm oil prices in futures trade.