Crude palm oil prices declined by Rs 1.30 to Rs 512 per 10 kg in futures trade today as speculators preferred to book-profits at existing higher levels, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Rs 1.30, or 0.25% to Rs 512 per 10 kg, with an open interest of a single lot.
Similarly, the oil for delivery in May contract shed Re 1, or 0.20% to Rs 509.40 per 10 kg, with a business turnover of two lots.
Market analysts said profit-bookings by speculators in tandem with subdued demand in the spot market led to the fall in crude palm oil futures prices.
