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Crude palm oil prices declined by 0.38% to Rs 606.50 per 10 kg in futures trade today as speculators booking-profits at existing higher levels amid sluggish demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in March declined by Rs 2.30, or 0.38% to Rs 606.50 per 10 kg in business turnover of 154 lots.
Similarly, the oil for delivery in April traded lower by Rs 1.70, or 0.28% to Rs 603.50 per 10 kg in 187 lots.
Market analysts said besides profit-booking by speculators at current levels, subdued demand in the spot market against adequate stocks position, mainly weighed crude palm oil prices at futures trade.
