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Crude palm oil futures prices fell by 0.48% to Rs 495.20 per 10 kg today, after speculators booked profits at prevailing levels amid a weakening trend overseas.
At the Multi Commodity Exchange, crude palm oil for delivery in July declined by Rs 2.40, or 0.48%, to Rs 495.20 per 10 kg in business turnover of 126 lots.
Similarly, crude palm oil for delivery in June traded lower by Rs 2, or 0.40%, to Rs 493.90 per 10 kg in 67 lots.
Analysts said besides profit-booking by speculators at existing levels, a weak trend overseas on speculation that exports from Malaysia, the world's second-largest producer, may decline as a slowing global economy curbs demand for cooking oils, mainly influenced crude palm oil futures prices.
Meanwhile, palm oil for delivery in August lost by 0.90% to 2,402 ringgit ($769) a tonne on the Malaysia Derivatives Exchange.
