NEW DELHI, Sept 16: Crude palm oil prices moved down by Rs 8.50 to Rs 515 per 10 kg in futures trading today as speculators trimmed positions, tracking a weak trend at spot market on subdued demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October moved down by Rs 8.50, or 1.62 per cent to Rs 515 per 10 kg in business turnover of 42 lots.
Similarly, the oil for delivery in September declined by Rs 4.90, or 0.93 per cent to Rs 523.60 per 10 kg in 90 lots.
Market analysts said besides adequate stocks, a weak trend at spot markets owing to sluggish demand mainly weighed on crude palm oil prices at futures trade here. (PTI)
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