24/08/2010 (The Economic Times), New Delhi - Crude palm oil prices moved down by Rs 1.20 or 0.29 per cent to Rs 409 per 10 kg in futures market today, as traders reduced their positions at the back of a weakening global trend.

At the Multi Commodity Exchange platform, crude palm oil for October month lost Rs 1.20, or 0.29 per cent to Rs 409 per 10 kg, with an open interest of 820 lots.

The oil for delivery in September month also traded marginally lower by Rs 0.60 or 0.14 per cent to Rs 414.50 per 10 kg in 2,646 lots, while current month August held steady at Rs 417.50 per 10 kg, with a turnover of 1,319 lots.

Market analysts said weak trend at global markets mainly put pressure on the crude palm oil prices at futures market here.

Meanwhile, palm oil futures for the November-delivery contract fell 0.9 per cent to 809 dollar a metric tonne on the Malaysia Derivatives Exchange.