Crude palm oil prices weakened by 0.12 per cent to Rs 513 per 10 kg in futures market today as participants reduced their exposure on the back of subdued demand in the spot market against ample stocks.
At the Multi Commodity Exchange, crude palm oil for delivery in November was trading down by 60 paise or 0.12 per cent to Rs 513 per 10 kg in business turnover of 146 lots.
Similarly, the oil for delivery in December contracts traded lower by 50 paise or 0.10 per cent to Rs 517 per 10 kg in 12 lots.
Market analysts said trimming of positions by traders following sluggish demand in the spot market against adequate stocks position on increased supplies mainly led crude palm oil prices to trade lower at futures trade.
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