Crude palm oil falls by 0.5% on muted demand

Higher supplies from producing regions also affected prices

Amid muted domestic demand and higher supplies from producing regions, crude palm oil prices eased by 0.54% to Rs 384 per 10 kg in futures trade today.

At the Multi Commodity Exchange, crude palm oil for delivery in November declined by Rs 2.10, or 0.54%, to Rs 384 per 10 kg in a business turnover of 75 lots.

On similar lines, the oil for delivery in December shed Rs 1.50, or 0.38%, to Rs 392.70 per 10 kg in 102 lots.

Marketmen said offloading of positions by participants amid subdued demand in the spot market against adequate stocks position on higher supplies from producing belts, mainly helped crude palm oil prices to decline at futures trade.