Crude palm oil prices traded lower by Rs 1.80, or 0.46 per cent, to Rs 386.60 per 10 kg in futures trade today, as traders reduced positions, triggered by a weakening global trend.
At the Multi Commodity Exchange, crude palm oil for July dropped by Rs 1.80, or 0.46 per cent, to Rs 386.60 per 10 kg, with an open interest of 959 lots.
Similarly, the oil for delivery in August traded lower by Rs 0.90, or 0.23 per cent, to Rs 384 per 10 kg, with an open interest of 1,645 lots.
Meanwhile, palm oil futures for October delivery fell 1.6 per cent to $763 a metric tonne, the biggest intra-day drop since July 19, on the Malaysia Derivatives Exchange.