For the fourth straight day, crude palm oil prices fell again on Wednesday, this time by 0.13% to Rs 447.20 per 10 kg in futures market today as participants indulged in reducing positions, driven by subdued demand at the spot market.
At Multi Commodity Exchange, crude palm oil for delivery in July fell by 60 paise, or 0.13% to Rs 447.20 per 10 kg in a business turnover of 135 lots.
The oil for delivery in August contracts traded lower by 10 paise, or 0.02% to Rs 447.50 per 10 kg in 46 lots.
Market analysts said offloading of positions by participants, triggered by low demand at the spot market against adequate stocks mainly kept crude palm oil prices down in futures trade.
