Crude palm oil prices fell by Rs 3.70 to Rs 623.30 per 10 kg in futures trade today, as speculators booked profits at prevailing higher levels amid subdued spot demand.
Weakening trend in the overseas market also put pressure on prices.
At the MCX, crude palm oil for May delivery declined by Rs 3.70, or 0.59%, to Rs 623.30 per 10 kg in business turnover of 229 lots.
The April delivery contract shed Rs 3.30, or 0.53%, to Rs 617 per 10 kg in 72 lots.
Meanwhile, palm oil for delivery in July fell by 0.40% to 3,463 ringgit (or $ 1,129) a tonne on the Malaysia Derivatives Exchange.
Analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot market also influenced crude palm oil futures prices.