Crude palm oil futures prices fell by Rs 3.80 to Rs 617 per 10 kg today, as speculators booked profits at prevailing higher levels due to a weak trend at spot market on sluggish demand.
A weakening trend in overseas markets also put pressure on the prices.
At the Multi Commodity Exchange, the April contract declined by Rs 3.80, or 0.61%, to Rs 617 per 10 kg in business turnover of 36 lots.
The May contract traded lower by Rs 3.40, or 0.54%, to Rs 625 per 10 kg in 132 lots.
Meanwhile, July-delivery prices fell by 0.8% to $1,123 a tonne on the Malaysia Derivatives Exchange.
Analysts said besides profit-booking by speculators at existing higher levels, weak global trends influenced the crude palm oil prices at futures market.
