Crude palm oil futures weaken 0.29% on sluggish demand

Crude palm oil prices eased by 0.29 per cent to Rs 548.20 per 10 kg in futures trade today as traders reduced exposure amid subdued demand at the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in November month declined by Rs 1.60, or 0.29 per cent to Rs 548.20 per 10 kg in business turnover of 310 lots.

Analysts attributed the slide in curde palm oil futures to muted demand in the spot market against adequate stocks position.