Crude palm oil futures prices declined by Rs 1.20 to Rs 572 per 10 kg today on profit booking by speculators, driven by fall in demand in the spot market.
At the Multi Commodity Exchange counter, crude palm oil for February declined by Rs 1.20, or 0.21 per cent, to Rs 572.00 per 10 kg, with a business turnover of just two lots.
Similarly, the oil for delivery in January month traded lower by paise 90, or 0.16 per cent, to Rs 567 per 10 kg, with a trade volume of just one lot.
Traders said besides profit taking by speculators, fall in demand at the physical markets led to decline in crude palm oil prices at futures market.
