Crude palm oil down 0.3% for third day

Oil for delivery in October traded lower by 0.25%

Continuing its losing streak for the third straight day,crude palm oil prices fell by another 0.36% to Rs 524 per 10 kg in futures market today.

At the Multi Commodity Exchange, crude palm oil for delivery in September slipped by Rs 1.90, or 0.36% to Rs 524 per 10 kg in business turnover of 103 lots.

Similarly, the oil for delivery in October traded lower by Rs 1.30, or 0.25% to Rs 515 per 10 kg in 84 lots.

Market analysts said besides weak demand in the spot market, increased supplies from producing centres mainly influenced crude palm oil prices to trade lower at futures trade.