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At the Multi Commodity Exchange (MCX), the February contract traded lower by Rs 2.90, or 0.63% to Rs 454.30 per 10 kg in 372 lots.
Profit-booking by speculators and subdued spot demand affected the trade.
A weakening trend in the overseas markets put pressure on the prices here.
On the Malaysia Derivatives Exchange (MDEX), palm oil lost 2% to $810 a tonne.
