Crude palm oil prices fell further by 1.01 per cent to Rs 546.30 per 10 kg in futures trading today as speculators engaged in reducing positions, triggered by easing demand in the spot market.
Besides, ample stocks position on increased supplies from producing belts, fuelled the downtrend.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in January fell by Rs 5.60, or 1.01 per cent, to Rs 546.30 per 10 kg, in a business turnover of 412 lots.
Likewise, the oil for delivery in February traded lower by Rs 4.50, or 0.81 per cent, to Rs 550 per 10 kg in 151 lots.
Analysts said trimming of positions by traders due to subdued demand in the spot market against adequate stocks position mainly attributed the slide in crude palm oil prices at futures trade.
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