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Crude palm oil prices fell by Rs 2.10 to Rs 462.60 per 10 kg in futures trade today as participants offloaded positions due to subdued demand in spot markets.
Higher supplies from major producing areas, combined with weak trend in overseas markets, weighed on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in February eased by Rs 2.10, or 0.45 per cent, to Rs 462.60 per 10 kg in a turnover of 101 lots.
The oil for delivery in March traded lower by Rs 1.20, or 0.25 per cent, to Rs 467.60 per 10 kg in 139 lots.
Apart from subdued demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices at futures trade, traders said.
