Crude palm oil prices declined by Rs 3.70 to Rs 414.80 per 10 kg in futures trade today on emergence of profit-booking by speculators, driven by subdued demand in the spot markets.
At the Multi Commodity Exchange, the October contract for crude palm oil declined by Rs 3.70, or 0.88%, to Rs 414.80 per 10 kg, with a business turnover of 537 lots.
The November contract shed Rs 3.40, or 0.80%, to Rs 418.90 per 10 kg, with a business turnover of 442 lots.
Traders said besides profit-taking by speculators, subdued demand in the domestic markets led to a decline in crude palm oil prices at futures market.
