Crude palm oil prices drifted by Rs 6.10, or 1.53 per cent, to Rs 393.40 per 10 kg in futures trading today, as traders reduced their positions on the back of a weakening global trend.
At the Multi Commodity Exchange platform, crude palm oil for November fell by Rs 6.10, or 1.53 per cent, to Rs 393.40 per 10 kg, with an open interest of 46 lots.
The oil for delivery in September also lost Rs 4.30, or 1.05 per cent, to Rs 405.70 per 10 kg, with an open interest of 2,674 lots.
Market analysts said besides falling trend at global markets, sluggish demand in the spot market mainly led to a fall in crude palm oil prices at futures market here.
Meanwhile, palm oil futures for November delivery lost 2 per cent to $803 a metric tonne on the Malaysia Derivatives Exchange.