ET:Crude palm oil futures slide by 1.09 pc on subdued demand
NEW DELHI: Crude palm oil prices declined by 1.09 per cent to Rs 515.50 per 10 kg in futures trading today as speculators reduced their positions due to sluggish demand in the spot market against adequate supplies.
At the Multi Commodity Exchange, crude palm oil for delivery in November moved down by Rs 5.70, or 1.09 per cent to Rs 515.50 per 10 kg in business turnover of 15 lots.
Likewise, the oil for delivery in October lost Rs 5.30, or 1.01 per cent to Rs 520.30 per 10 kg in 64 lots.
Analysts attributed the fall in crude palm oil futures to sluggish demand in the spot market against adequate supplies.
