Crude palm oil futures weaken on low demand

Crude palm oil prices fell by 1.02 per cent to Rs 436.60 per 10 kg in futures trade today as speculators trimmed positions amid a weak trend at spot market on sluggish demand.

At Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 4.50, or 1.02 per cent, to Rs 436.60 per 10 kg in a business turnover of 227 lots.

Similarly, the oil for delivery in March also traded lower by Rs 2.60, or 0.59 per cent, to Rs 436.80 per 10 kg in 134 lots.

Market analysts said offloading of positions by speculators amid weak demand in spot market led to fall in crude palm oil prices at futures trade.