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Crude palm oil prices traded marginally lower by Rs 1.10 to Rs 508.80 per 10 kg in futures trade today as speculators indulged in booking profits at existing high levels, driven by subdued spot market demand.
At the Multi Commodity Exchange, crude palm oil for delivery in July traded lower by Rs 1.10 or 0.22 per cent to Rs 508.80 per 10 kg with an open interest of 110 lots.
Similarly, the oil for delivery in June shed 70 paise or 0.14 per cent to Rs 508.60 per 10 kg, with a business volume of 53 lots.
Analysts said profit-taking by speculators driven by subdued demand in the spot market mainly led to the fall in prices.
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