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Crude palm oil futures prices fell by 0.83% to Rs 496.20 per 10 kg today, after speculators booked profits at prevailing levels amid a weak trend overseas.
At the Multi Commodity Exchange, crude palm oil for delivery in June declined by Rs 4.20, or 0.83%, to Rs 496.20 per 10 kg in business turnover of 229 lots.
Similarly, crude palm oil for delivery in July traded lower by Rs 3.80, or 0.75%, to Rs 497.60 per 10 kg in 193 lots.
Analysts said besides, profit-booking by speculators at existing higher levels, a weak trend in the global market, influenced crude palm oil futures prices.
In Malaysia, palm oil fell 0.50% to $777 a metric tonne on the Malaysia Derivatives Exchange as crude oil declined for the third day, reducing the appeal of vegetable oils as biofuel feedstock.
