Crude palm oil futures slide 0.63% on low demand

Crude palm oil prices eased by 0.63 per cent to Rs 439.30 per 10 kg in futures trading today as speculators trimmed positions amid a weak trend at spot market on sluggish demand.
Besides, adequate stocks position in the physical market on higher supplies from producing belts put pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Rs 2.80, or 0.63 per cent, to Rs 439.30 per 10 kg in a business turnover of 252 lots.
In a similar fashion, the oil for delivery in March shed Rs 2.10, or 0.48 per cent, to Rs 436 per 10 kg in 26 lots.

Market analysts said besides lower demand in the spot market, higher supplies from producing belts mainly influenced crude palm oil prices at futures trade.