Crude palm oil falls 1% on profit-booking

Subdued demand in the local markets also put pressure on the prices

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 6:29 AM IST

Crude palm oil futures prices today fell by 1% to Rs 424.40 per 10 kg amid profit- booking by speculators at prevailing levels.

Subdued demand in the local markets also put pressure on the prices, traders said.

At the Multi Commodity Exchange, the November contract fell by Rs 4.10, or 1%, to Rs 424.40 per 10 kg in a business turnover of 491 lots.

The December contract traded higher by Rs 4.30, or 0.98%, to Rs 43,260 per 10 kg in a trade volume of 795 lots.

Analysts attributed profit-booking by speculators at prevailing level and subdued demand in the domestic market for crude palm oil prices to trade at lower levels at futures trade.

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First Published: Nov 29 2012 | 12:40 PM IST

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