Crude palm oil prices fell 0.72 per cent to Rs 576.30 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at spot market.
Besides, sufficient stocks position following increased supplies from the producing regions, fuelled the downtrend.
In futures trading, at the Multi Commodity Exchange, crude palm oil for delivery in the current month eased by Rs 4.20, or 0.72 per cent, to Rs 576.30 per 10 kg, in a business turnover of 889 lots.
The oil for delivery in January traded lower by Rs 2.50, or 0.43 per cent, to Rs 578.10 per 10 kg in 353 lots.
Analysts said profit-booking by speculators at prevailing levels and a fall in demand at spot market weighed on crude palm oil prices.
Disclaimer: No Business Standard Journalist was involved in creation of this content
