 "Palm oil down 2% on subdued spot demand")
Crude palm oil prices fell by 2.25% to Rs 430.60 per 10 kg in futures trading today as speculators trimmed positions amid a weak trend at spot market on sluggish demand.
At the Multi Commodity Exchange, crude palm oil for delivery in February fell by Rs 9.90, or 2.25%, to Rs 430.60 per 10 kg in a business turnover of 244 lots.
Similarly, the oil for delivery in January traded lower by Rs 9.40, or 2.16%, to Rs 425.20 per 10 kg in 70 lots.
Market analysts said speculators reduced positions due to subdued demand in the 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 fell by Rs 9.90, or 2.25%, to Rs 430.60 per 10 kg in a business turnover of 244 lots.
Similarly, the oil for delivery in January traded lower by Rs 9.40, or 2.16%, to Rs 425.20 per 10 kg in 70 lots.
Market analysts said speculators reduced positions due to subdued demand in the spot market which led to the fall in crude palm oil prices at futures trade.