30/11/2011 (Commodity Online) - Crude Palm Oil futures fell Tuesday as speculators offloaded their positions due to subdued physical demand and on tracking poor global cues.

In MCX cpo December contract is trading at Rs.514 per Kg, lower by 0.04 per cent on 16:20 IST against the previous close.

In the morning session the contract traded at a range of Rs.511.40-515.90 per Kg. Open interest of the contract is 3270 lots and volume traded is 445 lots for the time being.

As per latest release from Cargo Surveyor Intertek Agri Services, Malaysia's November 1-25 palm oil exports declined by 4.3% from the same period last month to 1.34 million metric tonnes.

As per latest release from General Administration of Customs, China's October palm oil imports jumped by 27% from the last month to reported at 4.57 lakh tonnes. Still, palm oil’s supportive supply fundamentals may prevent a sharp fall in prices the next few days.