Crude palm oil prices drifted lower by 0.52 per cent to Rs 482.90 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid easing demand at the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in July fell by Rs 2.50, or 0.52 per cent, to Rs 482.90 per 10 kg, in a business turnover of 100 lots.
Likewise, the oil for delivery in August shed Rs 1.80, or 0.38 per cent, to Rs 475.10 per 10 kg in 36 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand in the spot market mainly influenced crude palm oil prices at futures trade.
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