ET:Crude palm oil futures down 0.58 pc on sluggish demand
NEW DELHI: Crude palm oil prices moved down by 0.58 per cent to Rs 500.40 per 10 kg in futures trade today owing to sluggish demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in July moved down by Rs 2.90, or 0.58 per cent, to Rs 500.40 per 10 kg in business turnover of 449 lots.
Similarly, the oil for delivery in June shed Rs 2.80, or 0.56 per cent to Rs 500 per 10 kg in 97 lots.
Market analysts attributed the fall in crude palm oil futures to sluggish demand in the spot market against adequate stocks position.
