Crude palm oil futures marginally down on muted demand

Crude palm oil prices edged lower by 0.07 per cent to Rs 569.50 per 10 kg in futures trade today as traders reduced their exposure amid easing demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in January shed 40 paise, or 0.07 per cent to Rs 569.50 per 10 kg in a business turnover of 43 lots.
On similar lines, the oil for delivery in December traded lower by 20 paise, or 0.04 per cent, to Rs 569.50 per 10 kg in 59 lots.
Analysts said, trimming of positions by participants owing to slackened demand in the spot market against ample stocks position on increased supplies from growing regions, mainly weighed on crude palm oil prices at futures trade.