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Crude palm oil futures fall 0.86 pc on profit-booking

Press Trust of India  |  New Delhi 

Crude palm prices fell 0.86 per cent to Rs 509.90 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market.

Sufficient stocks position following increased supplies from the producing belts too fuelled the downtrend.

At the Multi Commodity Exchange, crude palm for delivery this month eased by Rs 4.40, or 0.86 per cent, to Rs 509.90 per 10 kg in a business turnover of 105 lots.

On similar lines, the for delivery May month traded lower by Rs 4.20, or 0.85 per cent, to Rs 487.30 per 10 kg in 57 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand at the spot market mainly weighed on crude palm oil prices.

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

First Published: Tue, April 18 2017. 11:57 IST