 "Crude palm oil down 0.6% on profit-booking")
Crude palm oil futures for March declined Rs 2.70, or 0.59% to Rs 451.30 per 10 kg 166 lots.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 2.70, or 0.58% to Rs 455.80 per 10 kg in 91 lots.
Profit-booking by speculators and subdued spot demand had a negative impact.
Wweakening overseas trend was triggered due to speculation that palm oil's stockpiles in Malaysia will hold near a record as an export tax curbs demand influenced crude palm oil prices.
On the Malaysia Derivatives Exchange (MDEX), palm oil lost 0.80% to $765 a tonne.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 2.70, or 0.58% to Rs 455.80 per 10 kg in 91 lots.
Profit-booking by speculators and subdued spot demand had a negative impact.
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Weakening trend in the overseas markets also put pressure on the prices.
Wweakening overseas trend was triggered due to speculation that palm oil's stockpiles in Malaysia will hold near a record as an export tax curbs demand influenced crude palm oil prices.
On the Malaysia Derivatives Exchange (MDEX), palm oil lost 0.80% to $765 a tonne.