Crude palm oil prices declined by 0.28 per cent to Rs 525.50 per 10 kg in futures trade today as participants trimmed positions amid sluggish demand in the spot market.
Adequate stocks availability in the physical market also put pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in July traded lower by Rs 1.50, or 0.28 per cent, to Rs 525.50 per 10 kg in a business turnover of 48 lots.
Similarly, the oil for delivery in June shed Re 1, or 0.19 per cent, to Rs 523 per 10 kg in 12 lots.
Marketmen said the fall in crude palm oil prices at futures trade was mostly due to weak demand in the spot market against adequate supplies from producing regions.
