New Delhi: Crude palm oil weakened by Rs 2.20 to Rs 567.80 per 10 kg in futures trading today as speculators booked profits at prevailing higher levels, driven by subdued spot demand in the spot market. At the Multi Commodity Exchange, crude palm oil for delivery in July declined by Rs 2.20, or 0.39 per cent, to Rs 567.80 per 10 kg, with a business turnover of 170 lots. In a similar fashion, the oil for delivery in August traded lower by Rs 2.20, or 0.38 per cent, to Rs 570.50 per 10 kg, with a business turnover of 145 lots. Analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market kept pressure on crude palm oil prices at futures trade.

Source