Crude palm oil 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 oil 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 oil 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.
Crude palm oil futures fall 0.86 pc on profit-booking
Press Trust of India |