Muted demand drags down crude palm oil futures by 0.15%

Crude palm oil prices weakened by 0.15 per cent to Rs 468.40 per 10 kg in futures trading today as speculators reduced their exposures amid fall in demand at the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in July month declined by 70 paise, or 0.15 per cent to Rs 468.40 per 10 kg in business turnover of 17 lots.
Likewise, the oil for delivery in June month contracts shed 30 paise, or 0.06 per cent to Rs 481.70 per 10 kg in 39 lots.
Market analysts said offloading of positions on the back of easing demand in the spot market against sufficient stocks position mainly influenced crude palm oil prices at futures trade.