Crude palm oil futures decline on profit booking

Crude palm oil futures prices traded marginally down by 0.13 per cent to Rs 520 per 10 kg today, as speculators booked profits on the back of a weak trend at spot markets.

At the Multi Commodity Exchange counter, crude palm oil for delivery in December declined by 70 paise, or 0.13 per cent to Rs 520 per 10 kg, with an open interest of just one lot.

Similarly, the oil for delivery in January traded marginally lower by paise 20, or 0.04 per cent to Rs 527.70 per 10 kg, with a business turnover of just one lot.

Market analysts said profit bookings by speculators amid subdued demand in the spot market led to decline in crude palm oil futures prices.