Crude palm oil weakens 0.7% on profit-booking

Crude palm oil futures for March declined Rs 3.20, or 0.68% to Rs 463.90 per 10 kg in 373 lots.

At the Multi Commodity Exchange (MCX), the February contract traded lower by Rs 2.90, or 0.63% to Rs 454.30 per 10 kg in 372 lots.

Profit-booking by speculators and subdued spot demand affected the trade.

A weakening trend in the overseas markets put pressure on the prices here.

On the Malaysia Derivatives Exchange (MDEX), palm oil lost 2% to $810 a tonne.