Taking cues from weak global markets, crude palm oil prices fell by Rs 4.50 to Rs 478.90 per 10 kg in the futures trade today.
Slackness in demand at the spot markets also kept the pressure on the crude palm oil prices in the futures trade here.
At the Multi Commodity Exchange, crude palm oil for August delivery month fell by Rs 4.50, or 0.93% to Rs 478.90 per 10 kg in a business turnover of 161 lots. Similarly, the oil for July delivery shed Rs 3.50, or 0.73% to Rs 478.70 per 10 kg in 46 lots.
Market analysts said besides a weak global trend, low spot market demand mainly led to the fall in crude palm oil futures prices.
Meanwhile, palm oil fell by one per cent on the Malaysia Derivatives Exchange.