Crude palm oil prices went down by 0.50 per cent to Rs 620.60 per 10 kg in futures market today as speculators cut down positions in line with weak international prices and on muted spot demand.
Besides, higher inventories dragged CPO prices in futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in the current month was trading down by Rs 3.10, or 0.50 per cent lower at Rs 620.60 per 10 kg in a business turnover of 567 lots.
Likewise, oil for delivery in August shed Rs 2, or 0.32 per cent, to Rs 614.50 per 10 kg in 565 lots.
Analysts said offloading of positions by participants owing to slackened demand in the physical market against adequate stocks position kept crude palm oil prices lower in futures trade.
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