26/04/0/2011 (Economic Times) - Crude palm oil prices declined by Rs 2.40 to Rs 515.50 per 10 kg in futures trade today on emergence of profit-booking by speculators, driven by sluggish demand in the physical market.

Crude palm oil for delivery in May fell by Rs 2.40, or 0.46 per cent to Rs 515.50 per 10 kg, with a business turnover of 56 lots.

The oil for delivery in April shed Rs 1.30, or 0.24 per cent to Rs 520.10 per 10 kg, with a trading volume of 40 lots.

Likewise, its prices for delivery in June moved down by 50 paise, or 0.09 per cent to Rs 516.50 per 10 kg, with an open interest of 35 lots.

Traders said besides profit-taking by speculators, fall in demand against adequate stocks in physical markets mainly led to a decline in crude palm oil prices at futures market.