Crude palm oil prices fell further by 0.31 per cent to Rs 476.40 per 10 kg in futures trading today as participants booked profits, driven by easing demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, crude palm oil for delivery in March shed Rs 1.50, or 0.31 per cent to Rs 476.40 per 10 kg in a business turnover of 544 lots.
Similarly, the oil for delivery in far-month April weakened by Rs 1.30, or 0.27 per cent to Rs 479.60 per 10 kg in 256 lots.
Analysts said besides profit-booking by traders at existing levels, fall in demand in the spot market against sufficient stocks, kept crude palm oil prices lower at futures trade.
