Crude palm oil continued its downward journey with prices falling by Rs 8.90 to Rs 450.40 per 10 kg in futures trade today on profit-booking by speculators amid subdued spot market trend. A weak trend in overseas market further too influenced the prices. At the Multi Commodity Exchange, crude palm oil for October delivery declined by Rs 8.90, or 1.93 per cent, to Rs 450.40 per 10 kg, with a business turnover of 990 lots. Likewise, the oil for delivery in September fell Rs 7.70, or 1.67 per cent, to Rs 452 per 10 kg, with a business turnover of 160 lots. Traders said besides profit-taking by speculators, a weak overseas trend led to a fall in crude palm oil prices at futures market. Meanwhile, palm oil dropped 1.4 per cent to USD 839 a tonne on the Malaysia Derivatives Exchange.

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