03/03/2016 (Economic Times) - Crude palm oil prices fell further by 0.86 per cent to Rs 483 per 10 kg in futures trade today as participants engaged in reducing positions, triggered by higher supplies from producing regions at spot market against muted demand.

At the Multi Commodity Exchange, crude palm oil for delivery in April moved down by Rs 4.20, or 0.86 per cent, to Rs 483 per 10 kg, in a business turnover of eight lots.

Likewise, the oil for delivery in March traded lower by Rs 3.90, or 0.80 per cent, to Rs 480.80 per 10 kg in 244 lots.

Analysts said trimming of positions by traders on the back of adequate stocks on higher supplies from producing belts against low demand mainly kept crude palm oil prices down at futures trade.