 "Crude palm oil falls by 1.3% on subdued demand")
Crude palm oil fell Rs 4.80 to Rs 375 per 10 kg in futures trade today as participants offloaded positions amid subdued demand at 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 September was trading lower by Rs 4.80, or 1.26%, to Rs 375 per 10 kg in a business turnover of 331 lots.
Marketmen said apart from muted demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices in 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 September was trading lower by Rs 4.80, or 1.26%, to Rs 375 per 10 kg in a business turnover of 331 lots.
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The oil for delivery in August fell Rs 1.50, or 0.41%, to Rs 359.90 per 10 kg in 258 lots.
Marketmen said apart from muted demand, adequate stocks position in the physical market and a weak trend overseas put pressure on crude palm oil prices in futures trade.