NEW DELHI, Nov 3: Crude palm oil prices declined by another 0.25 per cent to Rs 515.10 per 10 kg in futures trade today as participants engaged in reducing their positions, taking negative cues from spot market on sluggish demand.
At the Multi Commodity Exchange, crude palm oil for delivery in November moved down by Rs 1.30 or 0.25 per cent to Rs 515.10 per 10 kg in business turnover of 69 lots.
Likewise, the oil for delivery in December contracts weakened by 30 paise or 0.06 per cent to Rs 517.30 per 10 kg in 9 lots.
Market analysts said offloading of positions by traders due to muted demand in the spot market against adequate stocks position on increased supplies mainly kept crude palm oil prices lower at futures trade. (PTI)
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