Crude palm oil futures weaken by 0.17% on low demand

NEW DELHI, Sept 7: Crude palm oil prices softened by 0.17 per cent to Rs 524.20 per 10 kg in futures trade today amid easing demand in spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in September month shed 90 paise, or 0.17 per cent to Rs 524.20 per 10 kg in business turnover of 73 lots.
The oil for delivery in October traded lower by 80 paise, or 0.15 per cent to Rs 522.70 per 10 kg in 50 lots.
Market analysts said offloading of positions by participants owing to weak demand at physical markets weighed on futures prices. Prices fell at spot markets due to adequate stock position. (PTI)