01/10/2010 (The Economic Times) - Crude palm oil prices declined by Rs 4.40 to Rs 408.80 per 10 kg in futures trade today, as traders booked profits, driven by a weak trend in the spot markets.

Adequate supply in the physical market also put pressure on the crude palm oil prices.

At the Multi Commodity Exchange counter, crude palm oil for October-month delivery declined by Rs 4.40, or 1.06 per cent, to Rs 408.80 per 10 kg in single lot.

Similarly, the oil for delivery in December-month moved down by Rs 4.30, or 1.04 per cent, to Rs 408.30 per 10 kg in just one lot.

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