Crude palm oil futures decline for 3rd day on global cues

At the Multi Commodity Exchange, crude palm oil for delivery in December declined by Rs 1.30, or 0.30 per cent, to Rs 439.20 per 10 kg in business turnover of 316 lots.

Likewise, the oil for delivery in the November contract traded lower by 70 paise, or 0.16 per cent, to Rs 433.90 per 10 kg in 144 lots.

Marketmen said speculators offloaded position following lower global trend on speculation that stockpiles in Malaysia, the second-largest producer, may expand from a record as exports drop on slowing demand, leading to a fall in crude palm oil prices at futures trade.