NEW DELHI, Feb 9: Crude palm oil prices drifted further down by 0.35 per cent to Rs 570.40 per 10 kgs in futures market today as speculators engaged in cutting bets, tracking a weak trend at spot market on easing demand.
At the Multi Commodity Exchange, crude palm oil for delivery in February fell by Rs 2, or 0.35 per cent, to Rs 570.40 per 10 kg in business turnover of 38 lots.
Likewise, the oil for delivery in March contract shed Rs 1.60, or 0.28 per cent, to Rs 574.50 per 10 kg in 22 lots.
Analysts said offloading of positions by participants owing to sluggish demand in the physical market against adequate stocks positions kept crude palm oil futures low. (PTI)
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