Crude palm oil prices declined by Rs 2.20 to Rs 523 per 10 kg in futures trade today amid profit-booking and subdued spot markets demand.
At the Multi Commodity Exchange, crude palm oil for July delivery fell by Rs 2.20, or 0.41% to Rs 523 per 10 kg, with a business turnover of 21 lots.
The oil for delivery in June eased by Rs 2, or 0.37% to Rs 525.20 per 10 kg in 19 lots. Likewise, its prices for May delivery moved down by Re one, or 0.19% to Rs 527.90 per 10 kg in one lot.
Traders said besides profit-taking by speculators, fall in demand against adequate stocks in spot market mainly led to the decline in crude palm oil futures prices.
