Crude palm oil prices fell 0.74% to Rs 543.10 per kg in futures trade today after speculators offloaded holdings, driven by a weak trend in domestic as well as overseas markets.
At the Multi Commodity Exchange, crude palm oil for delivery in February fell by Rs 4.10, or 0.74%, to Rs 543.10 per 10 kg, with trading volume of 276 lots.
The prices for delivery in January declined by Rs 4, or 0.73%, to Rs 537.60 per 10 kg, with a trading volume of 371 lots.
Meanwhile, the palm oil for March delivery fell as much as 0.50% to 2,538 ringgit ($777) a tonne on the Malaysia Derivatives Exchange today, the lowest price for the most active contract since November 11.
At the Multi Commodity Exchange, crude palm oil for delivery in February fell by Rs 4.10, or 0.74%, to Rs 543.10 per 10 kg, with trading volume of 276 lots.
The prices for delivery in January declined by Rs 4, or 0.73%, to Rs 537.60 per 10 kg, with a trading volume of 371 lots.
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Traders said offloading of positions by participants due to a weak trend at domestic spot and overseas markets, mainly led to a fall in crude palm oil futures prices.
Meanwhile, the palm oil for March delivery fell as much as 0.50% to 2,538 ringgit ($777) a tonne on the Malaysia Derivatives Exchange today, the lowest price for the most active contract since November 11.
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