Crude palm oil prices declined by 0.46 per cent to Rs 584.80 per 10 kg in futures market today as speculators booked profits at prevailing levels amid easing demand at spot markets.
Besides, ample stocks position due to increased supplies from the producing regions, weighed on prices.
At the Multi Commodity Exchange, crude palm oil for delivery in January was trading lower by Rs 2.70, or 0.46 per cent to Rs 584.80 per 10 kg in business turnover of 40 lots.
Similarly, the oil for delivery in December shed Rs 2.30, or 0.39 per cent to Rs 584.10 per 10 kg in 105 lots.
Analysts said apart from profit-booking by speculators at existing levels, fall in demand in the physical market mainly influenced crude palm oil prices at futures trade.
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