 "Palm oil down 0.8% on profit-booking")
Amid profit-booking by speculators and sluggish domestic demand, crude palm oil prices softened by 0.82% to Rs 589.10 per 10 kg in futures trade as speculators trimmed their positions.
At the Multi Commodity Exchange, crude palm oil for delivery in April eased by Rs 4.90, or 0.82% to Rs 589.10 per 10 kg in business turnover of 560 lots.
Likewise, the oil for delivery in March contract traded lower by Rs 4.10, or 0.69% to Rs 590.10 per 10 kg in 144 lots.
Market analysts said besides profit-booking by speculators, sluggish demand in the spot market against adequate stocks position, mainly influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in April eased by Rs 4.90, or 0.82% to Rs 589.10 per 10 kg in business turnover of 560 lots.
Likewise, the oil for delivery in March contract traded lower by Rs 4.10, or 0.69% to Rs 590.10 per 10 kg in 144 lots.
Market analysts said besides profit-booking by speculators, sluggish demand in the spot market against adequate stocks position, mainly influenced crude palm oil prices at futures trade.
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