Crude palm oil prices fell by Rs 1.20 per kg in futures trade today on sustained selling by speculators at prevailing high prices.
Trading sentiments remained bearish as palm oil futures in Malaysia traded moderately lower on slowing demand for the commodity among bio-fuel producers.
Crude palm oil for delivery in July shed Rs 1.20, or 0.23% to Rs 529 per 10 kg, with a trade volume of 10 lots.
The June contract eased by Re one, or 0.18 per cent to Rs 527.30 per 10 kg, with a trading volume of eight lots.
Traders said sustained selling by speculators amid a weakening global trend mainly led to the fall in crude palm oil prices in the futures trade.
Palm oil for delivery in August shed 0.4% to 3,409 ringgit ($1,136) a metric tonne on the Malaysia Derivatives Exchange.