Crude palm oil prices traded lower by Rs 1.30, or 0.36 per cent, to Rs 361.70 per 10 kg in futures trade today on profit taking by speculators and less demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for June contract declined by Rs 1.30, or 0.36 per cent, to Rs 361.70 per 10 kg, with an open interest of 1,092 lots.
Similarly, the oil for delivery in July weakened by Rs 0.30, or 0.08 per cent, to Rs 359.80 per 10 kg, with a business volume of 1,665 lots.
Market analysts said profit taking by speculators, driven by subdued demand in spot market led to a fall in crude palm oil prices at futures market.
