Crude palm oil futures fall 0.83 pc on profit-booking

Crude palm oil prices fell 0.83 per cent to Rs 515 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand in spot market.
Also, sufficient stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in November eased by Rs 4.30, or 0.83 per cent, to Rs 515 per 10 kg in a business turnover of 411 lots.
On similar lines, the oil for delivery in October traded lower by Rs 3.30, or 0.64 per cent, to Rs 515.40 per 10 kg in 142 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand in the spot market following higher supply from the producing belts mainly influenced crude palm oil prices.