)
Crude palm oil prices fell further by 0.12 per cent to Rs 428.50 per 10 kg in futures trade today as speculators reduced positions, taking negative cues from spot market low demand.
Also, adequate stocks on higher supplies from producing belts in the physical market kept pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in August was trading marginally down by 50 paise, or 0.12 per cent at Rs 428.50 per 10 kg in a business turnover of 52 lots.
Similarly, the oil for delivery in July was trading at 40 paise, or 0.09 per cent lower to Rs 428.40 per 10 kg in 45 lots.
Market analysts attributed the fall to offloading of positions by speculators due to subdued demand at the spot market.
