Crude palm oil down 0.1% on low demand

Oil for delivery in November traded lower by 0.06%

Crude palm oil traded a shade lower at Rs 535 per 10 kg in futures market today as speculators trimmed positions, tracking a weak trend at spot market due to subdued demand.

At the Multi Commodity Exchange, crude palm oil for delivery in October weakened by 50 paise, or 0.09%, to Rs 535 per 10 kg in business turnover of 4 lots.

Similarly, the oil for delivery in November traded lower by 30 paise, or 0.06%, to Rs 534.20 per 10 kg in 10 lots.

Analysts said partial offloading of positions by speculators, tracking a weak trend at spot market owing to subdued demand mainly influenced crude palm oil prices at futures trade.