Crude palm oil prices fell by 0.99 per cent to Rs 556.90 per 10 kg in futures trade today as speculators booked profits at prevailing levels amid falling demand in the spot market.
Also, sufficient stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in this month eased by Rs 5.60, or 0.99 per cent, to Rs 556.90 per 10 kg in a business turnover of 178 lots.
On similar lines, the oil for delivery in far-month January 2017 traded lower by Rs 3.90, or 0.69 per cent, to Rs 560 per 10 kg in 139 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand in the spot market mainly weighed on crude palm oil prices.
Disclaimer: No Business Standard Journalist was involved in creation of this content
