Crude palm oil prices weakened by Rs 2.50 to Rs 533.10 per 10 kg in futures market today as speculators indulged in booking profits, supported by subdued demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in March fell by Rs 2.50, or 0.47 per cent, to Rs 533.10 per 10 kg, with an open interest of a single lot.
Similarly, the oil for delivery in April shed Rs 1.20, or 0.22 per cent to Rs 537.00 per 10 kg, with a business volume of just one lot.
Traders attributed the fall in crude palm oil futures prices to profit booking by speculators along with fall in demand against adequate stocks in physical market.
