Crude palm oil prices declined by Rs 8.10 to Rs 517.60 per 10 kg in futures trade today on emergence of profit-booking, driven by subdued spot demand.
Fall in crude palm oil prices in overseas markets also put pressure on the oil prices in futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in March fell by Rs 8.10, or 1.54%, to Rs 517.60 per 10 kg, with a business volume of 77 lots.
The oil for delivery in April eased by Rs 8, or 1.52%, to Rs 517 per 10 kg, with an open interest of 184 lots.
Likewise, crude palm oil prices for delivery in May declined by Rs 7.90, or 1.50%, to Rs 516.40 per 10 kg, with a business volume of 107 lots.
Traders said besides profit-taking by speculators, fall in demand against adequate stocks in physical market led to the fall in crude palm oil futures prices.
