Crude palm oil prices fell by 1.11% to Rs 561.90 per 10 kg in futures market today as speculators trimmed their positions amid a weak trend in global markets.
At the MCX, crude palm oil for delivery in July declined by Rs 6.30, or 1.11%, to Rs 561.90 per 10 kg, with a business turnover of 468 lots.
The June contract traded lower by Rs 5.60, or 0.99%, to Rs 558.20 per 10 kg, with a business turnover of 146 lots.
Market analysts said offloading of positions by speculators in tandem with a weak trend in global markets mainly led to a fall in crude palm oil prices at futures trade.
Meanwhile, palm oil for September-delivery retreated 1.8% to $942 a tonne on the Malaysia Derivatives Exchange.
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