13/02/2017 (India.com) - Crude palm oil prices declined by 0.42 per cent to Rs 575.60 per 10 kg in futures market today as speculators booked profits at prevailing higher levels amid easing demand in spot market against adequate stocks position.

At the Multi Commodity Exchange, crude palm oil for delivery in February fell by Rs 2.40, or 0.42 per cent to Rs 575.60 per 10 kg in business turnover of 64 lots.

Similarly, the oil for delivery in March contracts edged down by Rs 1.50, or 0.26 per cent to Rs 566.50 per 10 kg in 9 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, drop in demand in the spot market against ample stocks position on higher supplies from producing regions weighed on crude palm oil prices at futures trade.

This is published unedited from the PTI feed.