Crude palm oil prices declined by Rs 3.10 to Rs 489.80 per 10 kg in futures trade today on emergence of profit-taking, driven by subdued demand in the spot market. At the Multi Commodity Exchange, crude palm oil for August fell by Rs 3.10, or 0.62%, to Rs 489.80 per 10 kg, with a business turnover of 90 lots. The oil prices for delivery in June eased by Rs 3, or 0.61%, to Rs 488.30 per 10 kg, with an open interest of 36 lots. The prices for delivery in July moved down by Rs 2.80, or 0.56%, to Rs 489 per 10 kg, with a business turnover of 195 lots. Traders said besides profit-taking by speculators, fall in demand against adequate stocks in spot market mainly led to the fall in crude palm oil futures prices.

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