Crude palm oil prices fell further by 0.75 per cent to Rs 647.70 per ten kg in futures trade today as speculators cut bets, taking negative cues from the spot market on easing demand amid weaker trend overseas.
Higher crude palm oil production and expectations of increased exports from Indonesia, the world's top producer, also weighed on the prices.
At the Multi Commodity Exchange, crude palm oil for delivery in June eased by Rs 4.90, or 0.75 per cent, to Rs 647.70 per 10 kg, in a business turnover of 161 lots.
On similar lines, the oil for delivery in July traded lower by Rs 4.30, or 0.66 per cent, to trade at Rs 647 per 10 kg in 12 lots.
Analysts said off-loading of positions by traders owing to slackened demand against sufficient stocks position kept crude palm oil prices down.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)