Palm oil down 0.3% on profit-booking

Oil for delivery in April shed 0.12%

Crude palm oil prices fell 0.35% to Rs 564.50 per 10 kg in futures market today as speculators indulged in profit-booking at prevailing higher levels.

At the Multi Commodity Exchange, crude palm oil for delivery in May traded lower by Rs 2, or 0.35%, to Rs 564.50 per 10 kg in a business turnover of 66 lots.

Similarly, the oil for delivery in April shed 70 paise, or 0.12%, to Rs 567.20 per 10 kg in 40 lots.

Market analysts said besides profit-booking by speculators at prevailing levels, subdued demand in the spot market, led to a fall in crude palm oil prices at futures trade.