Crude palm oil falls 0.6% on profit-booking
Prices fell as speculators booked profits at prevailing higher levels
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Crude palm oil futures for May declined by Rs 2.80, or 0.60%, to Rs 462.10 per 10 kg in 255 lots.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 2.50, or 0.54%, to Rs 459.20 per 10 kg in 281 lots.
Prices fell as speculators booked profits at prevailing higher levels amid sluggish demand.
Further, a weakening trend in overseas markets also put pressure on the prices.
On the Malaysia Derivatives Exchange (MDEX), the June contract fell by 1.30% to $770 a tonne.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 2.50, or 0.54%, to Rs 459.20 per 10 kg in 281 lots.
Prices fell as speculators booked profits at prevailing higher levels amid sluggish demand.
Further, a weakening trend in overseas markets also put pressure on the prices.
On the Malaysia Derivatives Exchange (MDEX), the June contract fell by 1.30% to $770 a tonne.
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First Published: Apr 04 2013 | 2:46 PM IST