Crude palm oil prices shed Rs 4.90 to Rs 462.10 per 10 kg in futures trade today as speculators reduced their positions, driven by a weak trend in overseas markets.
At the Multi Commodity Exchange, December crude palm oil declined by Rs 4.90, or 1.05%, to Rs 462.10 per 10 kg, with a business turnover of three lots.
The October contract lost Rs 3, or 0.64%, to Rs 466.40 per 10 kg in three lots.
Market analysts attributed the decline to a weakening global trend, prompting speculators to adjust their positions in futures trade.
The December contract declined by 2.7% to $881 per metric tonne on the Malaysia Derivatives Exchange, the lowest since October 8.