 "Palm oil down 0.9% on subdued demand")
Crude palm oil prices fell Rs 3.80 to Rs 386 per 10 kg in futures trade today as participants offloaded positions due to subdued demand in spot market.
Besides, higher supplies from the major producing areas and weak trend at overseas market weighed on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in August fell Rs 3.80, or 0.97 per cent, to Rs 386 per 10 kg in a business turnover of 483 lots.
Marketmen said apart from subdued demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices at futures trade.
Besides, higher supplies from the major producing areas and weak trend at overseas market weighed on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in August fell Rs 3.80, or 0.97 per cent, to Rs 386 per 10 kg in a business turnover of 483 lots.
Also Read
The oil for delivery in September traded lower by Rs 3.80, or 0.96 per cent, to Rs 389.30 per 10 kg in 531 lots.
Marketmen said apart from subdued demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices at futures trade.