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Crude palm oil prices softened by 0.40 per cent to Rs 448.90 per 10 kg in futures trade today as speculators booked profits at existing higher levels amid sluggish demand in the spot market.
Adequate stocks position in the physical market also put pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in November moved down by Rs 1.80, or 0.40 per cent, to Rs 448.90 per 10 kg in a business turnover of 25 lots.
The December contract traded lower by Rs 1.70, or 0.37 per cent, to Rs 454.10 per 10 kg in 83 lots.
Analysts said besides profit-booking by speculators at existing levels, subdued demand in the spot market against adequate stocks position, mainly influenced crude palm oil prices at futures trade.
