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Continuing its fall for the fourth straight day, crude palm oil eased further by 0.30 per cent to Rs 462 per 10 kg in futures trade today as speculators started reducing positions, triggered by a fall in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in June shed Rs 1.40, or 0.30 per cent, to Rs 462 per 10 kg in business turnover of 95 lots.
On similar lines, the oil for delivery in July contracts traded lower by Rs 1.30, or 0.28 per cent, to Rs 463.70 per 10 kg in 3 lots.
Analysts said offloading of positions by speculators due to fall in demand in the spot market against adequate stock position mainly kept crude palm oil prices lower.
