Crude palm oil prices fell 0.74% to Rs 543.10 per kg in futures trade today after speculators offloaded holdings, driven by a weak trend in domestic as well as overseas markets.
At the Multi Commodity Exchange, crude palm oil for delivery in February fell by Rs 4.10, or 0.74%, to Rs 543.10 per 10 kg, with trading volume of 276 lots.
The prices for delivery in January declined by Rs 4, or 0.73%, to Rs 537.60 per 10 kg, with a trading volume of 371 lots.
Traders said offloading of positions by participants due to a weak trend at domestic spot and overseas markets, mainly led to a fall in crude palm oil futures prices.
Meanwhile, the palm oil for March delivery fell as much as 0.50% to 2,538 ringgit ($777) a tonne on the Malaysia Derivatives Exchange today, the lowest price for the most active contract since November 11.
