NEW DELHI, Mar 28: Crude palm oil remained weak and prices shed 0.52 per cent to Rs 572 per 10 kg in futures trade today as speculators reduced positions on sluggish demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 3, or 0.52 per cent to Rs 572 per 10 kg in business turnover of 27 lots.
Similarly, the oil for delivery in March contract shed Rs 2.50, or 0.44 per cent to Rs 570.60 per 10 kg in 10 lots.
Analysts said speculators reduced positions due to subdued demand in the spot market and this mainly kept pressure on crude palm oil prices at futures trade. (AGENCIES)
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