Crude palm oil prices fell 0.12 per cent to Rs 514.60 per 10 kg in futures trading today as traders reduced exposure due to subdued demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in September eased by 60 paise, or 0.12 per cent to Rs 514.60 per 10 kg in business turnover of 119 lots.
Likewise, the oil for delivery in August contracts shed 40 paise, or 0.08 per cent to Rs 519.50 per 10 kg in 15 lots.
Market analysts said offloading of positions by traders owing to slackened demand in the spot market against sufficient stocks position, mainly weighed on crude palm oil prices at futures trade.
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