Palm oil down 1.6% on profit-booking
Oil for delivery in September traded lower by 1.06%
 "Palm oil down 1.6% on profit-booking")
Crude palm oil futures prices fell by 1.64% to Rs 442 per 10 kg today after speculators booked profits at prevailing levels amid subdued spot demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October eased by Rs 7.40, or 1.64%, to Rs 442 per 10 kg in business turnover of 105 lots.
Similarly, the oil for delivery in September traded lower by Rs 4.90, or 1.06%, to Rs 455 per 10 kg in 32 lots.
Analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot market and a weak trend overseas also influenced crude palm oil futures prices.
At the Multi Commodity Exchange, crude palm oil for delivery in October eased by Rs 7.40, or 1.64%, to Rs 442 per 10 kg in business turnover of 105 lots.
Similarly, the oil for delivery in September traded lower by Rs 4.90, or 1.06%, to Rs 455 per 10 kg in 32 lots.
Analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot market and a weak trend overseas also influenced crude palm oil futures prices.