Falling for the third straight day, crude palm oil prices shed another 0.19 per cent to Rs 414.80 per 10 kg in futures trading today as traders engaged in trimming their positions amid muted demand in the spot market against adequate stocks.
At the Multi Commodity Exchange, crude palm oil for delivery in far-month February eased by 80 paise, or 0.19 per cent, to Rs 414.80 per 10 kg, in a business turnover of 49 lots.
On similar lines, the oil for delivery in January traded lower by 50 paise, or 0.12 per cent, to Rs 408.10 per 10 kg in 72 lots.
Marketmen said offloading of positions by participants, triggered by slackened demand in the spot market against adequate stocks on higher supplies from producing regions mainly kept crude palm oil prices lower at futures trade.
