Crude palm oil down 0.4% on profit-booking
Weak global cues influenced the prices
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Crude palm oil futures for April declined by Rs 1.90, or 0.41%, to Rs 457 per 10 kg in 302 lots.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Rs 1.20, or 0.26%, to Rs 456.70 per 10 kg in 243 lots.
Prices fell as speculators booked profits at prevailing higher levels.
Further, a weakening trend in overseas markets also put pressure on the prices.
Weak trend in domestic spot markets and weak global cues also influenced crude palm oil futures market here.
On the Malaysia Derivatives Exchange (MDEX), the July contract fell by 0.70% to $750 a tonne.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Rs 1.20, or 0.26%, to Rs 456.70 per 10 kg in 243 lots.
Prices fell as speculators booked profits at prevailing higher levels.
Further, a weakening trend in overseas markets also put pressure on the prices.
Weak trend in domestic spot markets and weak global cues also influenced crude palm oil futures market here.
On the Malaysia Derivatives Exchange (MDEX), the July contract fell by 0.70% to $750 a tonne.
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First Published: Apr 16 2013 | 2:24 PM IST