Crude palm oil prices fell by 50 paise to Rs 517 per 10 kg in futures trade today on profit booking by speculators amid subdued spot demand.
Besides, a weak trend in overseas market further fuelled the downtrend in crude palm oil futures.
At the Multi Commodity Exchange, crude palm oil for October delivery declined by Rs 0.50 paise, or 0.09%, to Rs 517 per 10 kg, with a business turnover of 32 lots.
Likewise, oil for delivery in November traded a shade lower at Rs 516.20 per 10 kg a loss of 0.40 paise, or 0.07%, with a business turnover of 37 lots.
Traders said besides profit taking by speculators, subdued domestic demand and a weak overseas trend led to a fall in crude palm oil prices at futures market.
Globally, palm oil fell for a second day in Malaysia on speculation that imports from India, the world's biggest buyer, will decline before the country's record oilseed harvest.
Meanwhile, palm oil delivery in December slid 0.40% to 2,370 ringgit (USD 746) a tonne on the Bursa Malaysia Derivatives Exchange.
