Crude palm oil prices declined by Rs 4.30 to Rs 428.20 per 10 kg in futures trade today on emergence of profit-booking as well as subdued demand in spot market.
Trading sentiment remained bearish as palm oil futures in Malaysia traded moderately lower on slow demand among other bio fuel producers.
At the Multi Commodity Exchange counter, crude palm oil for October-month contract fell by Rs 4.30, or 0.99 per cent, to Rs 428.20 per 10 kg, with a business turnover of 11 lots.
The oil for November-month delivery eased by Rs 3.90, or 0.90 per cent, to Rs 428 per 10 kg, with an open interest of 27 lots, while December contract moved down by Rs 3.70, or 0.85 per cent to Rs 428.20 per 10 kg, with a business volume of three lots.
Traders said beside profit-taking by speculators, fall in demand against adequate stocks in physical markets led to fall in crude palm oil prices at futures market.
