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Crude palm oil extended losses for the second day by losing 0.30% to Rs 562.30 per 10 kg in futures market today due to lower demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in November fell further by Rs 1.70, or 0.30% to Rs 562.30 per 10 kg in business turnover of 6 lots.
Similarly, the oil for delivery in December traded lower by Rs 1.50, or 0.27% to Rs 563.50 per 10 kg in 12 lots.
Analysts said lower demand in the spot markets against adequate stocks positions mainly weighed on crude palm oil prices for the second day at futures trade.
