Crude palm oil prices drifted 0.18 per cent lower to Rs 566 per 10 kg in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in February fell Re 1, or 0.18 per cent, to Rs 566 per 10 kg in a business turnover of 53 lots.
Likewise, the oil for delivery delivery in January contracts shed 70 paise, or 0.12 per cent, to Rs 561.50 per 10 kg in 44 lots.
Traders said besides profit-booking by participants at existing levels, fall in demand in the physical market against adequate stocks position weighed on prices.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)