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Crude palm oil prices fell 0.36% to Rs 522.80 per 10 kg in futures trading today as speculators offloaded positions due to subdued demand in the spot market against higher supplies.
At the Multi Commodity Exchange, crude palm oil for delivery in January fell by Rs 1.90, or 0.36%, to Rs 522.80 per 10 kg in a business turnover of 77 lots.
Likewise, oil for delivery in February traded lower by Rs 1.10, or 0.20%, to Rs 531 per 10 kg in 63 lots.
Market analysts said offloading of positions by speculators due to subdued demand in the spot market against supply pressure, mainly led to a fall in crude palm oil futures.
