Crude palm oil remains weak on low demand
Sheds 0.21% in futures trade as speculators offload on higher supplies from producing belts
 "Crude palm oil remains weak on low demand")
Crude palm oil prices fell further by 0.21 per cent to Rs 437 per 10 kg in futures trade today as speculators offloaded their positions amid weak trend at spot market on sluggish demand.
Ample stocks position in the physical market on increased supplies from producing belts also kept pressure on crude palm oil.
At the Multi Commodity Exchange, crude palm oil for delivery in January next year shed another 90 paise, or 0.21 per cent to Rs 437 per 10 kg in business turnover of 201 lots.
Analysts said offloading of positions by speculators on the back of low demand in the spot market mainly influenced crude palm oil prices at futures trade.
Ample stocks position in the physical market on increased supplies from producing belts also kept pressure on crude palm oil.
At the Multi Commodity Exchange, crude palm oil for delivery in January next year shed another 90 paise, or 0.21 per cent to Rs 437 per 10 kg in business turnover of 201 lots.
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The December contract eased by 30 paise, or 0.07 per cent to Rs 431.10 per 10 kg in 141 lots.
Analysts said offloading of positions by speculators on the back of low demand in the spot market mainly influenced crude palm oil prices at futures trade.