Crude palm oil prices fell further by Rs 7.40 to Rs 1,141 per 10 kg in futures trade today, on emergence of profit-booking by speculators, driven by subdued demand in the spot market.
A weak trend in overseas markets also put pressure on the crude palm oil futures prices.
At the Multi Commodity Exchange, crude palm oil for delivery in May fell by Rs 7.40, or 1.43% to Rs 508 per 10 kg, with a business volume of 25 lots.
The oil for delivery in April eased by Rs 7.20, or 1.39%, to Rs 508 per 10 kg, with an open interest of 58 lots.
Similarly, crude palm oil prices for delivery in March declined by Rs 6.60, or 1.28%, to Rs 508.50 per 10 kg, with a business turnover of 28 lots.
Traders said besides profit-taking by speculators, fall in demand against adequate stocks in physical market, mainly led to fall in crude palm oil prices at futures trade here.
