 "Crude palm oil softens 0.5% on sluggish demand")
Crude palm oil prices softened by 0.52% to Rs 511.90 per 10 kg in futures trading today as speculators reduced their positions, tracking a weak trend at spot market on sluggish demand against adequate supplies.
At the Multi Commodity Exchange, crude palm oil prices for delivery in August declined by Rs 2.70, or 0.52%, to Rs 511.90 per 10 kg in business turnover of 200 lots.
Likewise, the oil for delivery in July traded lower by Rs 2.60, or 0.51%, to Rs 510.90 per 10 kg in 270 lots.
Analysts said speculators trimmed their positions, tracking a weak trend at spot market on sluggish demand against supplies from producing regions.
At the Multi Commodity Exchange, crude palm oil prices for delivery in August declined by Rs 2.70, or 0.52%, to Rs 511.90 per 10 kg in business turnover of 200 lots.
Likewise, the oil for delivery in July traded lower by Rs 2.60, or 0.51%, to Rs 510.90 per 10 kg in 270 lots.
Analysts said speculators trimmed their positions, tracking a weak trend at spot market on sluggish demand against supplies from producing regions.