Crude palm oil prices fell by Rs 2.10 to Rs 464 per 10 kg in futures trade today as speculators reduced their positions in tandem with a weak global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 2.10, or 0.45%, to Rs 464 per 10 kg in business turnover of 165 lots.
Likewise, the oil for delivery in March contract traded lower by Rs 1.40, or 0.30%, to Rs 460.70 per 10 kg in 532 lots.
Market analysts attributed the fall in crude palm oil futures to a weak global trend.
Meanwhile, palm oil dropped 1.4% to $769 a tonne on the Malaysia Derivatives Exchange.
