Crude palm oil remained weak for the second day and prices shed another 0.13 per cent to Rs 398.80 per 10 kg in futures trading today as traders engaged in reducing their positions, triggered by low demand in the spot market against higher supplies from producing belts.
At the Multi Commodity Exchange, crude palm oil for delivery in December month eased by 50 paise, or 0.13 per cent to Rs 398.80 per 10 kg in business turnover of 73 lots.
Similarly, the oil for delivery in far-month January 2016 traded lower by 20 paise, or 0.05 per cent to Rs 409.30 per 10 kg in 18 lots.
Marketmen said offloading of positions by traders, driven by higher supplies from producing regions in the physical market against subdued demand kept crude palm oil prices lower at futures trade.
