Crude palm oil prices softened by 0.21 per cent to Rs 480.50 per 10 kg in futures trade today, as speculators reduced their exposure amid sluggish demand in the spot market against adequate stock position. At Multi Commodity Exchange, crude palm oil for delivery in August declined by Re 1, or 0.21 per cent to Rs 480.50 per 10 kg in business turnover of 14 lots. Similarly, the oil for delivery in September contracts shed 80 paise, or 0.17 per cent, to Rs 480.50 per 10 kg in 9 lots. Analysts said trimming of positions by traders following easing demand in the spot market against ample stocks mainly led to decline in crude palm oil prices at futures trade.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)