Crude palm oil ends lower on subdued demand

Crude palm oil futures prices today traded marginally lower by 0.06% to Rs 521.90 per 10 kg, as speculators offloaded their positions due to subdued demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in January traded lower by 30 paise, or 0.06%, to Rs 521.90 per 10 kg in business turnover of 99 lots.

The February contract shed 10 paise, or 0.04, to Rs 524.90 per 10 kg in 633 lots.

Traders said offloading of positions by speculators on the back of a weak trend at spot market due to subdued demand mainly helped crude palm oil futures prices to trade marginal lower.