NEW DELHI, Aug 21: Crude palm oil prices weakened by Rs 1.40 to Rs 517.30 per 10 kg in futures trading today as speculators reduced their positions, tracking a weak trend at spot market on subdued demand against adequate position.
At the Multi Commodity Exchange, crude palm oil for deliver in far-month October declined by Rs 1.40, or 0.27 per cent to Rs 517.30 per 10 kg in business turnover of 59 lots.
Similarly, the oil for delivery in September traded lower by Re 1, or 0..19 per cent to Rs 518 per 10 kg in 214 lots.
Traders said speculators reduced their positions, tracking a weak trend at spot market on subdued demand against adequate stocks position, mainly influenced crude palm oil prices at futures trade. (PTI)
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