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Crude palm oil prices declined by Rs 3.10 to Rs 512.50 per 10 kg in futures trade today on emergence of profit-taking, driven by subdued spot demand.
Trading sentiments remained bearish as palm oil futures in Malaysia traded moderately lower on slowing demand for the commodity among bio-fuel producers.
At the Multi Commodity Exchange, crude palm oil for delivery in May fell by Rs 3.10 or 0.60 per cent to Rs 512.50 per 10 kg, with a business turnover of 35 lots.
The oil for delivery in April eased by Rs 1.80 or 0.34 per cent to Rs 518.50 per 10 kg, with an open interest of 13 lots.
Likewise, its prices for delivery in June shed Re 1 or 0.19 per cent to Rs 512 per 10 kg, with an open interest of 22 lots.
Traders said besides profit-taking by speculators, fall in demand amid adequate stocks in spot market mainly led to the fall in prices.
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