Crude palm oil prices drifted 0.72 per cent to Rs 507.60 per 10 kg in futures trading today as traders booked profits at prevailing higher levels amid easing demand in spot market against adequate stocks.
At the Multi Commodity Exchange, crude palm oil for delivery in far-month April fell Rs 3.70, or 0.72 per cent to Rs 507.60 per 10 kg in business turnover of 598 lots.
Similarly, the oil for delivery in March contracts traded lower by Rs 2.80, or 0.55 per cent to Rs 504.70 per 10 kg in 618 lots.
Analysts said besides profit-booking by participants at existing levels, fall in demand in the spot market mainly led to the decline in crude palm oil prices at futures trade3.
