Crude palm oil remained weak and prices fell by another Rs 2.10 to Rs 556.40 per 10 kg in futures trade today as speculators offloaded their positions, taking negative cues from the overseas markets.
At the Multi Commodity Exchange, crude palm oil for delivery in August fell by Rs 2.10, or 0.38%, to Rs 556.40 per kg, with a business turnover of 506 lots.
The September contract traded lower by Rs 1.90, or 0.34%, to Rs 553.30 per 10 kg in 1,041 lots.
Marketmen said offloading of positions by speculators in tandem with a weak global trend influenced crude palm oil prices at futures trade.
Meanwhile, palm oil for the October delivery dropped 0.5% to $934 a tonne on the Malaysia Derivatives Exchange, the lowest price since July 27.
