Crude palm oil down 0.20% on subdued demand

Weakening global trend affected its trade

Crude palm oil futures for February traded lower by 90 paise, or 0.20%, to Rs 447.30 per 10 kg in 162 lots.

At the Multi Commodity Exchange, the January contract shed 80 paise, or 0.18%, to Rs 440.30 per 10 kg in 246 lots.

Offloading of positions, weak spot market trend affected crude palm oil.

Marketmen said a weakening global trend further influenced its futures.

On Malaysia Derivatives Exchange, palm oil prices fell by 1% to $ 788 a tonne.