Crude palm oil prices softened by 0.47 per cent to Rs 553.50 per 10 kg in futures trading today as participants trimmed their positions ahead of monthly expiry amid subdued demand at the spot markets.
At the Multi Commodity Exchange, crude palm oil for delivery in December month moved down by Rs 2.60, or 0.47 per cent, to Rs 553.50 per 10 kg in business turnover of 77 lots.
On similar lines, the oil for delivery in November contracts traded lower by Rs 2.20, or 0.40 per cent, to Rs 553.80 per 10 kg in 10 lots.
Market analysts said squaring-up of positions by in view of tomorrow's November month expiry coupled with tepid demand in the spot market, mainly weighed on crude palm oil prices at futures trade.
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