Crude palm oil prices fell by 0.14% to Rs 491.30 per 10 kg in futures trade today due to profit booking by speculators, amid sluggish demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for July delivery softened by 70 paise, or 0.14%, to Rs 491.30 per 10 kg, with a business turnover of 355 lots.
The oil for delivery in June shed 40 paise, or 0.08%, to Rs 490.20 per 10 kg, with a trading volume of 153 lots.
Analysts said profit booking by speculators and a weak trend in the spot market on sluggish demand, mainly led to the decline in crude palm oil prices at the futures trade.