Crude palm oil prices fell by 1.07 per cent to Rs 480 per 10 kg in futures trade today as speculators booked profits amid a weak trend in spot market on falling demand.
Further, higher supplies from major producing areas and weak trend at the overseas markets weighed on crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in February eased by Rs 5.20, or 1.07 per cent, to Rs 480 per 10 kg, in a business turnover of 633 lots.
The oil for delivery in March traded lower by Rs 5.20 or 1.05 per cent to Rs 486.80 per 10 kg in 540 lots.
Market analysts said besides profit-booking by speculators at current levels, fall in demand in the spot market against sufficient stocks, weighed on crude palm oil prices at futures trade.
