Crude palm oil prices fell by Rs 1.20 to Rs 525.80 per 10 kg in futures trade today on profit booking by speculators, driven by subdued demand in spot markets.
At the Multi Commodity Exchange counter, crude palm oil for December-month contract fell by Rs 1.20 or 0.22 per cent to Rs 525.80 per 10 kg, with a business turnover of 118 lots.
The oil for January contract eased by Rs 1.10 or 0.20 per cent to Rs 533.80 per 10 kg, with a business turnover of 297 lots, while February contract moved down by Re one, or 0.19 per cent to Rs 538 per 10 kg, with a business turnover of 140 lots.
Traders said besides profit-taking by speculators, fall in demand against adequate stocks in physical market mainly led to a fall in crude palm oil prices at futures market.
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