Crude palm oil prices fell 0.34 per cent to Rs 643.20 per 10 kgs in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at spot market.
Besides, sufficient stocks position following increased supplies from the producing regions, fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in the current month eased by Rs 2.20, or 0.34 per cent, to Rs 643.20 per 10 kgs, in a business turnover of 136 lots.
The oil for delivery in May was traded lower by Rs 1.70, or 0.26 per cent, to Rs 650.20 per 10 kgs in 111 lots.
Analysts said profit-booking by speculators at the prevailing levels and a fall in demand at spot market weighed on crude palm oil prices.
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