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Crude palm oil prices fell 0.29% to Rs 532.50 per 10 kg in futures trading today as speculators offloaded positions due to subdued demand in the spot market against sufficient supplies.
At the Multi Commodity Exchange, crude palm oil for delivery in February softened by Rs 1.60, or 0.29%, to Rs 532.50 per 10 kg in business turnover of 43 lots.
Likewise, the oil for delivery in January traded lower by Rs 1.50, or 0.28%, to Rs 527.40 per 10 kg in 6 lots.
Analysts said offloading of positions by speculators amid subdued demand in the spot market against adequate supplies, mainly led to a fall in crude palm oil futures prices.
