Crude palm oil prices drifted by 0.27% to Rs 442.70 per 10 kg in futures market today as speculators booked profits at prevailing higher levels, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, the December contract declined by Rs 1.20, or 0.27% to Rs 442.70 per 10 kg in business turnover of 437 lots.
The November contract weakened by 50 paise, or 0.11%, to Rs 436.80 per 10 kg in 307 lots.
Market analysts said besides profit-booking by speculators at prevailing levels, subdued demand in the spot market against adequate stocks position mainly kept pressure on crude palm oil futures to trade lower.