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Crude palm oil futures fall 0.49% on profit-booking

Press Trust of India  |  New Delhi 

Crude prices fell 0.49 per cent to Rs 629.70 per 10 kgs in futures trade today as traders booked profits on weak advices from physical markets.

Sufficient stocks position following higher supplies from producing regions too fuelled the downtrend.

At the Multi Commodity Exchange, crude for delivery this month eased by Rs 3.10, or 0.49 per cent, to Rs 629.70 per 10 kgs, in a business turnover of 587 lots.

The for delivery in April traded lower by Rs 2.30, or 0.36 per cent, to Rs 636.50 per 10 kgs in 310 lots.

Analysts said speculators booked profits at prevailing higher levels following falling demand at spot market.

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

First Published: Tue, March 13 2018. 12:40 IST