Crude palm oil prices traded lower by 0.32% to Rs 461 per 10 kg in futures trade today as speculators engaged in reducing positions.
At the Multi Commodity Exchange, crude palm oil for delivery in April eased by Rs 1.50, or 0.32%, to Rs 461 per 10 kg in a business turnover of 37 lots.
In a similar fashion, the oil for delivery in March shed Rs 1.10, or 0.24%, to Rs 458.70 per 10 kg in 67 lots.
Market analysts said offloading of positions by speculators, driven by sluggish demand in spot market against adequate stocks position, mainly put pressure on crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in April eased by Rs 1.50, or 0.32%, to Rs 461 per 10 kg in a business turnover of 37 lots.
In a similar fashion, the oil for delivery in March shed Rs 1.10, or 0.24%, to Rs 458.70 per 10 kg in 67 lots.
Market analysts said offloading of positions by speculators, driven by sluggish demand in spot market against adequate stocks position, mainly put pressure on crude palm oil prices at futures trade.