New Delhi, Apr 10 (PTI) Crude palm oil prices drifted further down by 0.68 per cent to Rs 645.80 per 10 kg in futures trade today as speculators trimmed positions, tracking a weak trend in the spot market on tepid demand.
At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 4.40, or 0.68 per cent, to Rs 645.80 per 10 kg in a business turnover of 685 lots.
Likewise, the oil for delivery in May contracts was trading lower by Rs 3.90, or 0.59 per cent, to Rs 652 per 10 kg in 100 lots.
Analysts said offloading of positions by participants on the back of easing demand in the physical market against adequate stocks position on increased supplies from producing belts kept crude palm oil futures lower.
This is published unedited from the PTI feed.