Crude palm oil prices fell by 0.50 per cent to Rs 518.90 per 10 kg in futures trade today as speculators booked profits amid a weak trend in spot markets on falling demand.
Further, higher supplies from major producing areas and weak trend at the overseas markets weighed on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in June eased by Rs 2.60, or 0.50 per cent, to Rs 518.90 per 10 kg in a business turnover of 167 lots.
The oil for delivery in May traded lower by Rs 1.70, or 0.32 per cent, to Rs 527.20 per 10 kg in 29 lots.
Market analysts said besides profit-booking by speculators at current levels, fall in demand in the spot markets against sufficient stocks, weighed on crude palm oil prices at futures trade.
