13/03/2012 (Business Standard) - Crude palm oil fell by Rs 3.40 to Rs 556.60 per 10 kg in futures trade today on emergence of profit-selling at existing higher levels after a decline in demand in the spot market.

At the Multi Commodity Exchange, March crude palm oil fell by Rs 3.40, or 0.60%, to Rs 556.60 per 10 kg, with a trading volume of 115 lots.

The April delivery moved down by Rs 3.40, or 0.59%, to Rs 566.60 per 10 kg, with a business volume of 351 lots.

The price for delivery in May lost Rs 3.20, or 0.55%, to Rs 571.30 per 10 kg, with a trading volume of 142 lots.

Marketmen said emergence of profit-selling by speculators driven by fall in spot market demand led to the fall in crude palm oil prices at futures market.