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Crude palm oil prices softened by 0.52% to Rs 511.90 per 10 kg in futures trading today as speculators reduced their positions, tracking a weak trend at spot market on sluggish demand against adequate supplies.
At the Multi Commodity Exchange, crude palm oil prices for delivery in August declined by Rs 2.70, or 0.52%, to Rs 511.90 per 10 kg in business turnover of 200 lots.
Likewise, the oil for delivery in July traded lower by Rs 2.60, or 0.51%, to Rs 510.90 per 10 kg in 270 lots.
Analysts said speculators trimmed their positions, tracking a weak trend at spot market on sluggish demand against supplies from producing regions.
