Tracking a weakening global trend, crude palm oil futures prices today fell by Rs 10 to Rs 544.30 per 10 kg as speculators offloaded their positions.
Trading sentiment turned bearish after palm oil dropped to the lowest in seven months in global markets on concern that demand may weaken as data showed signs of a slowdown in the US and China.
At the MCX, crude palm oil for delivery in June fell by Rs 10, or 1.80%, to Rs 544.30 per 10 kg in business turnover of 320 lots.
The July contract lost Rs 9.50, or 1.71%, to Rs 545.60 per 10 kg in 553 lots.
Market analysts attributed to the fall in crude palm oil futures to weakening global trend.
Meanwhile, The August-delivery contract fell 2.2% to USD 919 a tonne on the Malaysia Derivatives Exchange, the cheapest since November 3.
