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Crude palm oil prices moved down by 0.58% to Rs 500.40 per 10 kg in futures trade today owing to sluggish demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in July moved down by Rs 2.90, or 0.58%, to Rs 500.40 per 10 kg in business turnover of 449 lots.
Similarly, palm oil for delivery in June shed Rs 2.80, or 0.56% to Rs 500 per 10 kg in 97 lots.
Market analysts attributed the fall in crude palm oil futures to sluggish demand in the spot market against adequate stocks position.
