Crude palm oil falls by 0.1% on higher supply

Crude palm oil prices shed 0.14% to Rs 431 per 10 kg in futures trade today as traders reduced positions, triggered by higher supplies from producing belts at spot market against lower demand.

At Multi Commodity Exchange, crude palm oil for delivery in July was trading lower by 60 paise, or 0.14% to Rs 431 per 10 kg in a business turnover of 80 lots.

Market analysts said offloading of positions by speculators, driven by higher supplies from producing regions in the physical market against low demand mainly weighed on crude palm oil prices in futures trade.