Crude palm oil futures down on profit-booking

Crude palm oil prices declined by Rs 13 to Rs 534 per 10 kg in futures trade today on emergence of profit-booking driven by subdued demand in spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in April fell by Rs 13, or 2.31%, to Rs 534 per 10 kg, clocking a business volume of 163 lots.

The oil for delivery in May eased by Rs 12.30, or 2.17%, to Rs 533.50 per 10 kg, with a business volume of 21 lots.

Likewise, crude palm oil for delivery in March declined by Rs 11.80, or 2.10%, to Rs 534.40 per 10 kg, with an open interest of 82 lots.

 

Traders said besides profit-taking by speculators, fall in demand in tandem with adequate stocks in physical market mainly led to fall in crude palm oil prices at futures market.