Crude palm oil prices fell by Rs 2 to Rs 515.50 per 10 kg in futures trade on Friday as speculators offloaded their positions, triggered by a weak global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in July declined by Rs 2, or 0.39 per cent, to Rs 515.50 per 10 kg, with a business turnover of 12 lots.
Similarly, the oil for delivery in June contract shed Rs 1.80, or 0.35 per cent, to Rs 514.90 per 10 kg, with a business turnover of three lots.
Traders said fresh selling by speculators amid a weakening global trend mainly led to the fall in crude palm oil prices in the futures trade.
Meanwhile, palm oil for August delivery fell by 0.7 per cent to USD 1,082 a tonne on the Malaysia Derivatives Exchange.