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Crude palm oil prices fell by 0.08 per cent to Rs 503.50 per 10 kg at the futures trade today on profit-booking by speculators at existing levels, driven by sluggish demand at the spot market.
At the Multi Commodity Exchange counter, crude palm oil for delivery in June shed 40 paise or 0.08 per cent to Rs 503.50 per 10 kg with a business turnover of 43 lots. Similarly, August contract moved down by 30 paise or 0.06 per cent to Rs 503.50 per 10 kg with a trading volume of 59 lots.
Analysts said profit-booking by speculators, driven by a weak trend at the spot market on sluggish demand, mainly helped crude palm oil prices to trade lower at the futures trade.
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