Crude palm oil prices fell by 0.50 per cent to Rs 420.50 per 10 kg in futures trading today after speculators booked profits at prevailing levels amid easing demand in the spot market against adequate stocks position.
At Multi Commodity Exchange, crude palm oil for delivery in September drifted by Rs 2.10, or 0.50 per cent, to Rs 420.50 per 10 kg in a business turnover of 73 lots.
Similarly, the oil for delivery in October eased by 20 paise, or 0.05 per cent, to Rs 418.50 per 10 kg in 162 lots.
Analysts said besides profit-booking by speculators at existing higher levels, fall in demand in the spot market against sufficient stocks position kept pressure on crude palm oil prices at futures trade.
