Tracking a weak global trend, crude palm oil prices declined by Rs 3.10 to Rs 433.60 per 10 kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, the November contract declined by Rs 3.10, or 0.71%, to Rs 433.60 per 10 kg in business turnover of 649 lots.
The December contract lost Rs 2.60, or 0.58%, to Rs 442 per 10 kg in 541 lots.
Market analysts attributed the fall in crude palm oil futures to weak global trend as higher output in Malaysia, the second-largest producer, may further boost record stockpiles of the tropical oil used in food to fuel.
Meanwhile, palm oil for the contract for January delivery dropped 0.7% to $826 a tonne on the Malaysia Derivatives Exchange.
