 "Crude palm oil falls by 0.4% on low demand")
Crude palm oil prices fell by 0.39% to Rs 431.60 per 10 kg in futures trade today, tracking a weak trend at spot markets on sluggish demand.
Besides, adequate stock position in the physical market on higher supplies from producing belts put pressure on crude palm oil prices.
At Multi Commodity Exchange, crude palm oil for delivery in August fell by Rs 1.70, or 0.39% to Rs 431.60 per 10 kg in business turnover of 33 lots.
Market analysts attributed the fall in crude palm oil futures to offloading of positions by speculators, driven by subdued demand in the spot market.
Besides, adequate stock position in the physical market on higher supplies from producing belts put pressure on crude palm oil prices.
At Multi Commodity Exchange, crude palm oil for delivery in August fell by Rs 1.70, or 0.39% to Rs 431.60 per 10 kg in business turnover of 33 lots.
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Similarly, the oil for delivery in July eased by Rs 1.20, or 0.28% to Rs 432.00 per 10 kg in 38 lots.
Market analysts attributed the fall in crude palm oil futures to offloading of positions by speculators, driven by subdued demand in the spot market.