Crude palm oil prices fell by Rs 9.10 to Rs 525 per 10 kg in futures trade today on emergence of profit-booking, driven by subdued demand in spot market.
At the Multi Commodity Exchange counter, crude palm oil for February-month contract fell by Rs 9.10 or 1.70 per cent to Rs 525 per 10 kg, with a business volume of 69 lots.
The oil for December-month contract eased by Rs 5.50 or 1.04 per cent to Rs 521.20 per 10 kg, with a trading volume of 59 lots, while delivery for January declined by Rs 5.20 or 0.98 per cent to Rs 524.60 per 10 kg, with an open interest of 51 lots.
Traders said beside profit-taking by speculators, fall in demand against adequate stocks in physical markets mainly led to a fall in crude palm oil prices at futures market.
