Crude palm oil prices drifted lower by 0.33 per cent to Rs 535.60 per 10 kg in futures trade today as speculators booked profits at prevailing levels amid easing demand at the spot market.
Besides, sufficient stocks position following increased supplies from the producing regions, fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in November declined by Rs 1.80, or 0.33 per cent to Rs 535.60 per 10 kg in business turnover of 16 lots.
Likewise, the oil for delivery in October shed Rs 1.70, or 0.31 per cent to Rs 539.50 per 10 kg in 99 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand at the spot market, mainly weighed on crude palm oil prices.
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