Crude palm oil futures slide 0.39% on sluggish demand

Crude palm oil prices softened by 0.39 per cent to Rs 488.90 per 10 kg in futures trading today as speculators reduced their exposures amid easing demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in June fell by Rs 1.90, or 0.39 per cent to Rs 488.90 per 10 kg in business turnover of 154 lots.
Likewise, the oil for delivery in July month contracts declined by Rs 1.60, or 0.33 per cent to Rs 478.50 per 10 kg in 232 lots.
Market analysts said offloading of positions by traders owing to slackened demand in the spot market against sufficient stocks position mainly attributed the fall in crude palm oil prices at futures trade.