Crude palm oil continued to slide for the third straight session by losing 0.25% to Rs 552.50 per 10 kg in futures trading today owing to weak demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in January declined further by Rs 1.40, or 0.25%, to Rs 552.50 per 10 kg in business turnover of 132 lots.
Similarly, the oil for delivery in February weakened by 30 paise, or 0.05%, to Rs 557.10 per 10 kg in 3 lots.
Analysts attributed the fall in crude palm oil futures to weak demand in the spot markets against adequate stocks position.
