NEW DELHI: Crude palm oil prices fell by Rs 4.10 to Rs 453.10 per 10 kg in futures trade today on emergence of profit-selling at existing higher levels after a decline in demand in the spot market amid weakening trend in overseas markets.
At the Multi Commodity Exchange, crude palm oil for delivery in February fell by Rs 4.10, or 0.89 per cent, to Rs 453.10 per 10 kg, with a trading volume of 273 lots.
Similarly, the oil for delivery in March moved down by Rs 3.90, or 1.46 per cent, to Rs 1,283 per 10 kg, with a business volume of 683 lots.
Meanwhile, palm oil dropped 2.80 per cent to $794 a tonne on the Malaysia Derivatives Exchange.
Marketmen said emergence of profit-selling by speculators driven by fall in spot market demand led to the fall in crude palm oil prices at futures market.
