Crude palm oil prices declined by Rs 9.30 to Rs 400.40 per 10 kg in futures trade today, following the profit taking by traders due to weak demand and higher supply in the spot market.
At the Multi Commodity Exchange platform, crude palm oil for October-month contract fell by Rs 9.30, or 2.26 per cent to Rs 400.40 per 10 kg, with a business turnover of 202 lots.
The oil for December-month contract eased by Rs 9.20, or 2.23 per cent to Rs 402 per 10 kg, with a business volume of 10 lots.
November-month contract moved down by Rs 8.40, or 2.05 per cent to Rs 401 per 10 kg, with trading volume of 350 lots.
Traders said besides profit-booking by speculators, fall in demand against adequate stocks in the spot markets led to the fall in crude palm oil prices at the futures market.
