NEW DELHI: Crude palm oil futures prices declined by 0.25 per cent on the Multi Commodity Exchange on Tuesday on profit-taking by speculators, driven by a fall in demand in spot market.
Crude palm oil for January contract declined by 0.25 per cent to Rs 360 per 10 kg, with a business turnover of 150 lots.
Similarly, the oil for delivery in December contract traded lower by 0.23 per cent to Rs 353.10 per 10 kg, clocking a volume of 277 lots.
Marketmen said profit-taking by speculators due to fall in demand in the spot market led to a fall in crude palm oil prices at the futures market. — PTI
