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Crude palm oil futures slip on subdued demand

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Press Trust of India New Delhi
Crude palm oil prices fell marginally by Rs 1.40 to Rs 409.10 per 10 kg in futures trade today as participants offloaded positions due to subdued demand in spot markets.

Besides, higher supplies from the major producing areas and weak trend at overseas market put pressure on crude palm oil prices.

At the Multi Commodity Exchange, crude palm oil for delivery in November fell Rs 1.40, or 0.34 per cent, to Rs 409.10 per 10 kg, in a business turnover of 232 lots.

The oil for delivery in October traded lower by Rs 1.30, or 0.32 per cent, to Rs 403 per 10 kg in 15 lots.
 

Marketmen said apart from subdued demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices at futures trade but festive season demand capped the losses.

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First Published: Oct 29 2015 | 12:32 PM IST

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