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Crude palm oil futures slide 0.39% on sluggish demand

Press Trust of India  |  New Delhi 

Crude palm prices softened by 0.39 per cent to Rs 488.90 per 10 kg in futures trading today as speculators reduced their exposures amid easing demand in the spot market against adequate stocks position.

At the Multi Commodity Exchange, crude palm for delivery in June fell by Rs 1.90, or 0.39 per cent to Rs 488.90 per 10 kg in business turnover of 154 lots.

Likewise, the for delivery in July month contracts declined by Rs 1.60, or 0.33 per cent to Rs 478.50 per 10 kg in 232 lots.

Market analysts said offloading of positions by traders owing to slackened demand in the spot market against sufficient stocks position mainly attributed the fall in crude palm prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 20 2017. 11:48 IST