Crude palm oil futures for May declined by Rs 2.50, or 0.54%, to Rs 460.20 per 10 kg in 236 lots.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 1.30, or 0.27%, to Rs 464.70 per 10 kg in 33 lots.
Prices fell as speculators booked profits at prevailing higher levels.
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On the Malaysia Derivatives Exchange (MDEX), palm oil dropped by 1% to $757 a tonne.