 "Crude palm oil loses ground as demand wanes")
Continuing its losing streak for the third day, crude palm oil prices tumbled another 0.62 per cent to Rs 435.90 per 10 kg in futures trading today as speculators offloaded positions amid subdued demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in April eased Rs 2.70, or 0.62 per cent, to Rs 435.90 per 10 kg in business turnover of 64 lots.
The May contract traded lower by Rs 2.70, or 0.61 per cent, to Rs 436.60 per 10 kg in 62 lots.
Market analysts said continued trimming of positions by traders triggered by subdued spot market demand mainly kept crude palm oil prices depressed at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in April eased Rs 2.70, or 0.62 per cent, to Rs 435.90 per 10 kg in business turnover of 64 lots.
The May contract traded lower by Rs 2.70, or 0.61 per cent, to Rs 436.60 per 10 kg in 62 lots.
Market analysts said continued trimming of positions by traders triggered by subdued spot market demand mainly kept crude palm oil prices depressed at futures trade.
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