 "Palm oil down 0.3% on subdued demand")
Crude palm oil prices fell 0.38% to Rs 565.50 per 10 kg in futures trade today as speculators offloaded positions due to subdued demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 2.20, or 0.38%, to Rs 565.50 per 10 kg in business turnover of 290 lots.
Likewise, the oil for delivery in May traded lower by 90 paise, or 0.15%, to Rs 564.40 per 10 kg in 302 lots.
Market analysts said offloading of positions by speculators due to subdued demand in the spot market against adequate supplies, mainly led to a fall in crude palm oil futures prices.
At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 2.20, or 0.38%, to Rs 565.50 per 10 kg in business turnover of 290 lots.
Likewise, the oil for delivery in May traded lower by 90 paise, or 0.15%, to Rs 564.40 per 10 kg in 302 lots.
Market analysts said offloading of positions by speculators due to subdued demand in the spot market against adequate supplies, mainly led to a fall in crude palm oil futures prices.