Crude palm oil weakens 0.2% on sluggish demand

Adequate stocks position affected the trade

Crude palm oil futures for March weakened by 90 paise, or, 0.20%, to Rs 457.30 per 10 kg, in 212 lots.

At the Multi Commodity Exchange (MCX), the April contract traded lower by 50 paise, or 0.11% to Rs 462.30 per 10 kg in 157 lots.

Prices weakened as traders reduced their positions amid a weak spot market trend on sluggish demand against adequate stocks positions.