Crude palm oil futures prices today fell by Rs 7.40 to Rs 500.50 per 10 kg as speculators booked profits at existing higher levels, tracking a weak trend at spot market on sluggish demand.
Adequate stocks availability in the physical market put pressure on crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in September fell by Rs 7.40, or 1.46%, to Rs 500.50 per 10 kg in a business turnover of 352 lots.
The October contract lost Rs 7, or 1.38%, to Rs 499.90 per 10 kg in 149 lots.
Marketmen said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in crude palm oil prices at futures market.
