Crude palm oil prices fell further by 0.20 per cent to Rs 555.90 per 10 kg in futures market today as traders reduced exposure amid fall in demand in the spot market against sufficient stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in November moved down by Rs 1.10, or 0.20 per cent to Rs 555.90 per 10 kg in business turnover of 280 lots.
Likewise, the oil for delivery in far-month December shed 80 paise, or 0.14 per cent to Rs 556.50 per 10 kg in 80 lots.
Analysts said cutting down of positions by participants owing to slackened demand in the physical market against ample stocks position on increased supplies from growing regions, mainly led to decline in crude palm oil prices at futures trade.
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