Crude palm oil fell by Rs 5.10 to Rs 553 per 10 kg in futures trade today on emergence of profit booking, driven by sluggish spot demand at the physical markets.
At the Multi Commodity Exchange counter, Crude palm oil for February-month contract fell by Rs 5.10 or 0.91 per cent, to Rs 553 per 10 kg, with a business volume of 38 lots.
The oil for January-month contract declined by Rs 4.20 or 0.75 per cent, to Rs 549.30 per 10 kg, with trading volume of 73 lots, while delivery for December eased by Rs 3.70 or 0.67 per cent, to Rs 541 per 10 kg in 16 lots.
Traders said besides profit taking by speculators, fall in demand at the physical markets led to fall in crude palm oil prices at futures market.
