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Crude palm oil futures fall 0.35 pc on profit-booking

Press Trust of India  |  New Delhi 

Crude palm prices fell 0.35 per cent to Rs 658.80 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market.

Negative overseas cues also put pressure on prices.

At the Multi Commodity Exchange, crude palm for delivery in the current month eased by Rs 2.30, or 0.35 per cent, to Rs 658.80 per 10 kg, in a business turnover of 341 lots.

The for delivery in June contract traded lower by Rs 1.60, or 0.24 per cent, to Rs 659.60 per 10 kg in 87 lots.

Analysts said profit-booking by speculators at prevailing levels and a fall in demand at spot market weighed on prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 11:55 IST
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