Crude palm oil prices declined by Rs 3.10 to Rs 489.80 per 10 kg in futures trade on Thursday on emergence of profit-taking, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for August fell by Rs 3.10, or 0.62 per cent, to Rs 489.80 per 10 kg, with a business turnover of 90 lots.
The oil prices for delivery in June eased by Rs 3, or 0.61 per cent, to Rs 488.30 per 10 kg, with an open interest of 36 lots.
The prices for delivery in July moved down by Rs 2.80, or 0.56 per cent, to Rs 489 per 10 kg, with a business turnover of 195 lots.
Traders said besides profit-taking by speculators, fall in demand against adequate stocks in spot market mainly led to the fall in crude palm oil futures prices.