Crude palm oil prices were down by 0.63% to Rs 444 per 10 kg in futures trade today as participants offloaded positions, taking weak cues from the spot market.CPO trading range for the day is 435.2-445.8
In addition, adequate stocks position in the physical market on higher supplies from producing belts fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in April traded lower by Rs 2.80, or 0.63% to Rs 444.00 per 10 kg in business turnover of 51 lots.
Similarly, the oil for delivery in March contracts edged down by Rs 2.30, or 0.52% to Rs 438.80 per 10 kg in 14 lots.
Crude palm oil prices in spot market gained by 1.80 and settled at 438.30 rupees .
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