 "Crude palm oil falls by 0.4% on subdued demand")
Crude palm oil prices fell by Rs 1.60 to Rs 419.50 per 10 kg in futures trade today as participants offloaded positions due to subdued demand in the spot market.
Besides, higher supplies from the major producing areas and weak trend at overseas market put pressure crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in July eased Rs 1.60, or 0.37%, to Rs 419.50 per 10 kg in a business turnover of 43 lots.
Marketmen said apart from subdued demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices at futures trade.
Besides, higher supplies from the major producing areas and weak trend at overseas market put pressure crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in July eased Rs 1.60, or 0.37%, to Rs 419.50 per 10 kg in a business turnover of 43 lots.
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The oil for delivery in August traded lower by Rs 1.30, or 0.30%, to Rs 418.70 per 10 kg in 101 lots.
Marketmen said apart from subdued demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices at futures trade.