Besides, last week's reduction in base import prices of palm oil fuelled the downtrend.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in the current month eased by Rs 3.50, or 0.63 per cent, to Rs 554.20 per 10 kg, in a business turnover of 109 lots.
On similar lines, the oil for delivery in January traded lower by Rs 3.10, or 0.55 per cent, to Rs 556.50 per 10 kg in 202 lots.
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