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Crude palm oil prices softened by 0.30% to Rs 459.00 per 10 kg in futures trade today driven by subdued demand in spot markets.
At the Multi Commodity Exchange, crude palm oil for delivery in January month declined by Rs 1.40, or 0.30% to Rs 459 per 10 kg in business turnover of 39 lots.
Likewise, the oil for delivery in February contract shed Re 1, or 0.21% to Rs 466.20 per 10 kg in 2 lots.
According to marketmen, offloading of positions by speculators due to subdued demand in the spot market against adequate stocks position mainly influenced crude palm oil prices at futures trade.
