Crude palm oil prices fell by Rs 2.30 or 0.62 per cent to Rs 370 per 10 kg in futures trade today on profit taking by speculators and less demand.
At the Multi Commodity Exchange, crude palm oil for June contract declined by Rs 2.30, or 0.62 per cent to Rs 370.40 per 10 kg, with an open interest of 1,677 lots.
The oil for delivery in July contract also lost Rs 2.10, or 0.57 per cent to Rs 367.50 per 10 kg, with an open interest of 1,607 lots.
Market analysts said profit-taking by speculators, driven by weak demand in spot markets led to a fall in crude palm oil prices to trade lower at futures market.
