 "Palm oil down 0.2% on profit-booking")
Crude palm oil prices fell 0.23% to Rs 517 per 10 kg in futures trade today as speculators booked profits at existing higher levels amidst subdued spot market demand.
At the Multi Commodity Exchange, crude palm oil for delivery in August traded lower by Rs 1.20, or 0.23%, to Rs 517 per 10 kg in a business turnover of 45 lots.
Similarly, the oil for delivery in September shed 90 paise, or 0.18%, to Rs 508.40 per 10 kg in 6 lots.
Market analysts said besides profit-booking by speculators at prevailing higher levels, sluggish demand in the spot market, influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in August traded lower by Rs 1.20, or 0.23%, to Rs 517 per 10 kg in a business turnover of 45 lots.
Similarly, the oil for delivery in September shed 90 paise, or 0.18%, to Rs 508.40 per 10 kg in 6 lots.
Market analysts said besides profit-booking by speculators at prevailing higher levels, sluggish demand in the spot market, influenced crude palm oil prices at futures trade.
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