Crude palm oil prices moved down by 0.42 per cent to Rs 523.30 per 10 kg in futures trade today as participants reduced their exposure, triggered by easing demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in November eased by Rs 2.20 or 0.42 per cent to Rs 523.30 per 10 kg in business turnover of 173 lots.
Similarly, the oil for delivery in October contracts shed Rs 1.60 or 0.30 per cent to Rs 535.60 per 10 kg in 37 lots.
Market analysts said trimming of positions by traders following fall in demand at prevailing levels in the spot market against adequate stocks position mainly influenced crude palm oil prices at futures trade.
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