Crude palm oil prices fell 0.63 per cent to Rs 497.80 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand in spot market.
Also, sufficient stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in May eased by Rs 3.20, or 0.63 per cent, to Rs 497.80 per 10 kg in a business turnover of 34 lots.
On similar lines, the oil for delivery this month traded lower by Rs 2.50, or 0.47 per cent, to Rs 521 per 10 kg in 45 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand in the spot market mainly weighed on crude palm oil prices.
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