Crude palm oil prices turned weak by Rs 5.60 to Rs 507.30 per 10 kg in futures trade today on emergence of profit-booking by speculators.
Weak trend in the overseas markets also put pressure on the oil futures prices. At the Multi Commodity Exchange, crude palm oil for delivery in March fell by Rs 5.60, or 1.09 per cent, to Rs 507.30 per 10 kg, with a business volume of 23 lots.
The oil for delivery in April shed Rs 4.60, or 0.89 per cent, to Rs 511 per 10 kg, with an open interest of 78 lots.
Similarly, prices for delivery in May declined by Rs 4.50, or 0.87 per cent, to Rs 510.50 per 10 kg, with a business volume of 25 lots.
Traders said beside profit booking by speculators, fall in demand against adequate stocks in physical markets mainly led to the fall in crude palm oil futures prices.