Crude palm oil prices were down by 0.49 per cent to Rs 451.10 per 10 kg in futures trading today as participants reduced positions amid lower demand in the spot market against adequate stocks position.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in June month declined by Rs 2.20, or 0.49 per cent to Rs 451.10 per 10 kg in business turnover of 130 lots.
Likewise, the oil for delivery in May contracts shed Rs 1.90, or 0.42 per cent to Rs 449.60 per 10 kg in 341 lots.
Market analysts said offloading of positions by participants amid subdued demand in the spot market against adequate stocks position mainly influenced crude palm oil prices at futures trade.
