Crude palm oil prices were down by 0.72% to Rs 455.70 per 10 kg in futures trade today as speculators trimmed positions, tracking a weak trend at spot market on sluggish demand.
At the Multi Commodity Exchange, crude palm oil for delivery in February month fell by Rs 3.30, or 0.72% to Rs 455.70 per 10 kg in business turnover of 130 lots.
Likewise, the oil for delivery in March contracts shed Rs 3.20, or 0.70% to Rs 457 per 10 kg in 157 lots.
Market analysts said speculators trimmed positions due to subdued demand in spot market which led to the fall in crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in February month fell by Rs 3.30, or 0.72% to Rs 455.70 per 10 kg in business turnover of 130 lots.
Likewise, the oil for delivery in March contracts shed Rs 3.20, or 0.70% to Rs 457 per 10 kg in 157 lots.
Market analysts said speculators trimmed positions due to subdued demand in spot market which led to the fall in crude palm oil prices at futures trade.