Crude palm oil prices fell by Rs 5.70 to Rs 606 per 10 kg in futures trade today as speculators offloaded their position on sluggish demand in spot market.
A weakening trend in overseas markets also influenced the crude palm oil prices.
At the MCX, crude palm oil for delivery in May fell by Rs 5.70, or 0.93%, to Rs 606 per 10 kg, with a business turnover of 679 lots.
The June contract traded lower by Rs 5.30, or 0.87%, to Rs 603.60 per 10 kg, with an open interest of 257 lots.
Market analysts said speculators offloaded their positions on sluggish spot market demand, which mainly led to a fall in crude palm oil prices at futures market.
Meanwhile, palm oil for the July-delivery lost 1.4% to $1,075 a tonne on the Malaysia Derivatives Exchange, the lowest level since March 8.
