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Crude palm oil prices fell 0.29% to Rs 539.80 per kg in futures trade today after speculators offloaded their holding driven by weak trend in domestic as well as overseas markets.
At the Multi Commodity Exchange, crude palm oil for delivery in January fell by Rs 1.60, or 0.29%, to Rs 539.80 per 10 kg, with trading volume of 67 lots.
The prices for delivery in February declined by Rs 1.40, or 0.25%, to Rs 544.70 per 10 kg, with a trading volume of 35 lots.
Meanwhile, the palm oil for March delivery fell as much as 0.90% to 2,524 ringgit ($770) a metric tonne on the Malaysia Derivatives Exchange today, the lowest price for the most active contract since Nov. 12.
Traders said offloading of positions by participants due to a weak trend at spot markets following comfortable stocks position, mainly led to a fall in crude palm oil futures prices.
