Crude palm oil prices declined by Rs 9 to Rs 462.50 per 10 kg in futures trade today on emergence of profit-taking, driven by subdued spot demand.
At the Multi Commodity Exchange, crude palm oil for September delivery fell by Rs 9, or 1.90%, to Rs 462.50 per 10 kg, with a business turnover of 262 lots.
The oil for July delivery, eased by Rs 6.60, or 1.39%, to Rs 466 per 10 kg, with trade volume of 173 lots.
Similarly, crude palm oil for August delivery shed Rs 4.50, or 0.95%, to Rs 467.20 per 10 kg in 397 lots.
Traders said besides profit-taking by speculators, fall in demand against adequate stocks in spot market mainly led to fall in crude palm oil prices at futures market.
In Malaysia, the contract for September delivery declined by 1.2% to 3,035 ringgit ($1,002) per tonne on the Malaysia Exchange.
