Crude palm oil prices declined by Rs 3.10 to Rs 512.50 per 10 kg in futures trade today on emergence of profit-taking, driven by subdued spot demand.
Trading sentiments remained bearish as palm oil futures in Malaysia traded moderately lower on slowing demand for the commodity among bio-fuel producers.
At the Multi Commodity Exchange, crude palm oil for delivery in May fell by Rs 3.10, or 0.60% to Rs 512.50 per 10 kg, with a business turnover of 35 lots.
The oil for delivery in April eased by Rs 1.80, or 0.34% to Rs 518.50 per 10 kg, with an open interest of 13 lots.
Likewise, its prices for delivery in June shed Re 1, or 0.19% to Rs 512 per 10 kg, with an open interest of 22 lots.
Traders said besides profit-taking by speculators, fall in demand amid adequate stocks in spot market mainly led to the fall in crude palm oil futures prices.
