Crude palm oil futures fall on subdued demand

Crude palm oil prices fell by 1.16 per cent to Rs 542 per 10 kg in futures trade today as speculators offloaded positions due to subdued demand in the spot markets.

At the Multi Commodity Exchange, crude palm oil for delivery in May fell by Rs 6.40, or 1.16 per cent, to Rs 542 per 10 kg in a business turnover of 250 lots.

Furthermore, the oil for delivery in June traded lower by Rs 5.90, or 1.08 per cent, to Rs 540.10 per 10 kg in 176 lots.

Market analysts said offloading of positions by speculators due to toned down demand in the spot markets against adequate supplies led to a fall in crude palm oil futures.