Crude palm oil falls by 0.8% on low demand

Higher supplies from producing regions also affected prices

Amid muted domestic demand and higher supplies from producing regions, crude palm oil prices fell by 0.83% to Rs 380.10 per 10 kg in futures trade today.

At the Multi Commodity Exchange, crude palm oil for delivery in November declined by Rs 3.20, or 0.83%, to Rs 380.10 per 10 kg in a business turnover of 84 lots.

On similar lines, the oil for delivery in December shed Rs 2.50, or 0.63%, to Rs 390.70 per 10 kg in 61 lots.

Marketmen said offloading of positions by participants amid subdued demand in the spot market against adequate stocks on higher supplies from producing belts, mainly weighed on crude palm oil prices at futures trade.