NEW DELHI: Crude palm oil futures prices fell by Rs 2.70 to Rs 465 per 10 kg today, as speculators booked profits at prevailing levels driven by a weak trend at spot market owing to subdued demand.
Further, a weakening trend in overseas markets also put pressure on the prices.
At the Multi Commodity Exchange, crude palm oil for May declined by Rs 2.70, or 0.57 per cent, to Rs 465 per 10 kg in business turnover of 315 lots.
In a similar fashion, the oil for April contract traded lower by Rs 2.30, or 0.49 per cent, to Rs 462.80 per 10 kg in 375 lots.
Globally, crude palm oil for delivery in June contracts fell by 1.70 per cent to USD 768 a tonne on the Malaysia Derivatives Exchange.
Analysts said besides profit-booking by speculators at existing higher levels, weak overseas trend also influenced the crude palm oil prices at futures market.
