Crude palm oil prices were down by 0.48 per cent to Rs 558 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid easing demand in spot market against adequate stocks.
At the Multi Commodity Exchange, crude palm oil for delivery in January declined by Rs 2.70, or 0.48 per cent, to Rs 558 per 10 kg, in a business turnover of 22 lots.
Likewise, the oil for delivery in December traded lower by Rs 2.60, or 0.46 per cent, to Rs 559.10 per 10 kg in 106 lots.
Analysts said besides profit-booking by participants at existing levels, fall in demand in the spot market against ample stocks position, mainly weighed on crude palm oil prices at futures trade.
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