Besides, sufficient stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in August declined by Rs 3.30, or 0.66 per cent to Rs 494.70 per 10 kg in business turnover of 107 lots.
Likewise, the oil for delivery in September contracts was trading lower by Rs 3.20, or 0.64 per cent to Rs 496.40 per 10 kg in 82 lots.
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