Crude palm oil prices moved down by 0.36 per cent to Rs 657.40 per 10 kg in futures market today as speculators reduced exposure, driven by a fall in demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in May fell by Rs 2.40, or 0.36 per cent, to Rs 657.40 per 10 kg in a business turnover of 27 lots.
Similarly, the oil for delivery in April was trading lower by Rs 1.80, or 0.27 per cent, to Rs 653 per 10 kg in 31 lots.
Analysts said, offloading of positions by participants due to fall in demand in the physical market against adequate stocks position on increased supplies from producing belts, mainly attributed the slide in crude palm oil prices at futures trade.
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