Crude palm oil prices fell 0.55 per cent to Rs 647 per ten kg in futures trade today as traders booked profits amid fall in demand at the spot market.
Besides, sufficient stock position following higher supplies from the growing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in May contract eased by Rs 3.60, or 0.55 per cent, to Rs 647 per 10 kgs, in a business turnover of 152 lots.
On similar lines, the oil for delivery in the current month traded lower by Rs 2.50, or 0.38 per cent, to trade at Rs 641.40 per 10 kg in 149 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand at the spot market mainly weighed on crude palm oil prices.
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