ET:Crude palm oil futures down 0.69% on profit-booking
NEW DELHI: Crude palm oil prices fell by 0.69 per cent to Rs 458.50 per 10 kg in futures trade today amid profit-booking by speculators and subdued spot demand.
A weakening trend in the overseas markets also put pressure on the prices.
At the Multi Commodity Exchange, crude palm oil for delivery in April declined Rs 3.20, or 0.69 per cent, to Rs 458.50 per 10 kg in a business turnover of 203 lots.
Similarly, the oil for delivery in March traded lower by Rs 2.50, or 0.54 per cent, to Rs 453.80 per 10 kg in 240 lots.
Analysts said profit-booking by speculators at existing higher levels on weakening global trend and subdued demand in the spot market influenced crude palm oil prices.
Meanwhile, palm oil lost 0.60 per cent to USD 767 a tonne on the Malaysia Derivatives Exchange.
