Crude palm oil prices traded marginally lower by Rs 1.20 to Rs 530 per 10 kg in futures trade today due to profit booking by speculators, driven by a decline in demand in spot markets.
At the Multi Commodity Exchange counter, crude palm oil for delivery in February declined by Rs 1.20, or 0.23 per cent to Rs 530 per 10 kg, with a business turnover of one lot.
Similarly, the oil for delivery in December-month traded marginally down by paise 50, or 0.10 per cent to Rs 524.20 per 10 kg, with an open interest of single lot.
Traders said besides profit taking by speculators, decline in demand against adequate stocks in physical markets, led to a fall in crude palm oil futures prices.
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