Crude palm oil futures down 0.31% on low demand

Crude palm oil prices moved down by 0.31 per cent to Rs 443.80 per 10 kg in futures market today as speculators reduced positions due to sluggish demand in the spot market against adequate stocks position.

At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Rs 1.40, or 0.31 per cent, to Rs 443.80 per 10 kg in a business turnover of 161 lots.

Similarly, the oil for delivery in March traded lower by 0.70 paise, or 0.16 per cent, to Rs 434.30 per 10 kg in 36 lots.

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