Crude palm oil fell by Rs 6.50 to Rs 469.40 per 10 kg in futures trade today on sustained selling by traders.
Trading sentiment remained bearish as palm oil futures in Malaysia traded moderately lower on slowing demand for the commodity among biofuel producers.
At the Multi Commodity Exchange, crude palm oil for delivery in August fell by Rs 6.50, or 1.36%, to Rs 469.40 per 10 kg, with an open interest of 139 lots.
The September contract declined by Rs 6.10, or 1.28%, to Rs 467.60 per 10 kg, with a trading volume of 67 lots.
October palm oil shed Rs 5.80, or 1.22%, to Rs 465.80 per 10 kg, with a business volume of 13 lots.
Traders said sustained selling by speculators amid a weakening global trend mainly led to the fall in crude palm oil prices in the futures trade.
Meanwhile, palm oil declined as much as 2.5% to $959 a tonne on the Malaysia Derivatives Exchange.
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