Crude palm oil futures prices fell by 0.24% to Rs 482.50 per 10 kg today, after speculators booked profits at prevailing levels amid a weakening trend overseas.
At the Multi Commodity Exchange, crude palm oil for delivery in July declined by Rs 1.20, or 0.24%, to Rs 482.50 per 10 kg in business turnover of 52 lots.
Similarly, crude palm oil for delivery in June traded lower by 90 paise, or 0.18%, to Rs 482 per 10 kg in 38 lots.
Analysts said besides profit-booking by speculators at existing levels, a weak trend overseas on speculation that demand may slow from India mainly influenced crude palm oil futures prices.
Meanwhile, palm oil for delivery in August dropped by 0.50% to 2,364 ringgit ($767) a tonne on the Malaysia Derivatives Exchange.
