On the second straight day,the rate of Crude palm oil remained weak and prices fell further by 0.19 % to Rs 531.10 per 10 kg in futures.

At the Multi Commodity Exchange, crude palm oil for delivery in far-month July declined by Re 1 or 0.19 % to Rs 531.10 per 10 kg in a business turnover of 56 lots.

Likewise, the oil for delivery in June contracts shed 10 paise or 0.02 % to Rs 525.60 per 10 kg in 102 lots.

As per the market analysts said, “ offloading of positions by participants due to muted demand in the spot markets against ample stocks position, kept crude palm oil prices lower at futures trade.”