Crude palm oil prices fell by Rs 1.50 to Rs 553.40 per 10 kg in futures trading today as speculators indulged in booking profits at existing higher levels, driven by a weak spot market trend on sluggish demand.
At the Multi Commodity Exchange, March crude palm oil declined by Rs 1.50, or 0.27%, to Rs 553.40 per 10 kg, with a business turnover of 14 lots.
The January delivery traded lower by 30 paise, or 0.05%, to Rs 548.60 per 10 kg, with trade volume of 257 lots.
Traders said profit-booking by speculators on weak trend in spot markets following sluggish demand mainly led to a fall in crude palm oil prices in futures trade.