Crude palm oil prices fell by Rs 0.08% to Rs 503.50 per 10 kg in futures trade today on profit-booking by speculators at existing levels, driven by sluggish demand in the spot market.
On the Multi Commodity Exchange, crude palm oil for delivery in June shed 40 paise, or 0.08%, to Rs 503.50 per 10 kg with a business turnover of 43 lots.
Similarly, the oil for delivery in August moved down by 30 paise, or 0.06%, to Rs 503.50 per 10 kg with a trading volume of 59 lots.
Analysts said profit-booking by speculators, driven by weak trend in the spot market on sluggish demand, mainly helped crude palm oil prices to trade lower at futures trade.
