Crude palm oil prices declined by Rs 5.20 to Rs 540 per 10 kg in futures trade today on emergence of profit-booking by speculators amid subdued spot demand.
Weak trend in overseas market fuelled the downtrend in crude palm oil futures.
At the Multi Commodity Exchange, crude palm oil for delivery in October declined by Rs 5.20, or 0.82%, to Rs 540 per 10 kg, with a business turnover of 136 lots.
The September contract shed Rs 4.50, or 0.82%, to Rs 538 per 10 kg, with a business turnover of 95 lots.
Traders said besides profit-booking by speculators, subdued demand and a weak trend overseas led to the decline in crude palm oil prices at futures market.
