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Crude palm oil prices fell by 0.50% to Rs 453.20 per 10 kg in futures trade today amid sluggish demand in the spot market.
Also, adequate stock in the market fueled the downtrend.
At Multi Commodity Exchange, crude palm oil for delivery in July month eased by Rs 2.30, or 0.50% to Rs 453.20 per 10 kg in business turnover of 23 lots.
Similarly, the oil for delivery in June contracts shed Rs 2, or 0.44% to Rs 453.40 per 10 kg in 36 lots.
Analysts said offloading of positions by speculators, triggered by low demand in the spot market against adequate stock , mainly pulled down crude palm oil prices at futures trade.
