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Crude palm oil prices slide by 0.26% to Rs 530.50 per 10 kg in futures trading today as speculators trimmed their positions, tracking a weak trend at spot market on subdued demand.
At the MultiCommodity Exchange, crude palm oil for delivery in August declined by Rs 1.40, or 0.26%, to Rs 530.50 per 10 kg in business turnover of 505 lots.
Likewise, the oil for delivery in September edged lower by 90 paise, or 0.17%, to Rs 525.60 per 10 kg in 420 lots.
Market analysts said speculators trimmed their positions, tracking a weak trend at spot market on subdued demand mainly influenced crude palm oil prices at futures trade.
