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Continuing its slide for the third straight session, crude palm oil declined further by 0.11% to Rs 567.70 per 10 kg in futures trading today as speculators trimmed positions amid subdued demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in November declined further by 60 paise, or 0.11%, to Rs 567.70 per 10 kg in business turnover of 248 lots.
Similarly, oil for delivery in December traded lower by the same margin to Rs 569.90 per 10 kg in 217 lots.
Analysts said offloading of positions by speculators due to subdued demand in the spot markets against adequate stocks positions mainly kept pressure on crude palm oil prices at futures trade.
