Crude palm oil prices eased by 0.13 per cent to Rs 553.10 per 10 kgs in futures market today as participants reduced exposure amid subdued demand at the spot market.
Besides, ample stocks position following higher supplies from producing regions too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in January fell by 70 paise, or 0.13 per cent to Rs 553.10 per 10 kg in business turnover of 115 lots.
Similarly, the oil for delivery in February was trading lower by a similar margin to Rs 557 per 10 kg in 156 lots.
Analysts said cutting down of positions by speculators due to fall in demand in the spot market against sufficient stocks position, mainly weighed on crude palm oil prices at futures trade.
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