Crude palm oil prices declined by Rs 1.40, or 0.36 per cent, to Rs 388 per 10 kg in futures trade today, as traders reduced their positions on the back of lower global trend.
At the Multi Commodity Exchange, crude palm oil for July fell by Rs 1.40, or 0.36 per cent, to Rs 388 per 10 kg, with an open interest of 903 lots.
Similarly, the oil for delivery in August-month lost Rs 0.90, or 0.23 per cent, to Rs 385.20 per 10 kg, with an open volume of 1,772 lots.
Market analysts said fresh selling by traders in tandem with a weakening global trend mainly led to a fall in crude palm oil prices at futures trade.
Meanwhile, palm oil futures dropped 0.3 per cent on the Malaysia Derivatives Exchange.
