Crude palm oil down by 0.5% on profit-booking

Sluggish demand at the spot market also influenced prices

Crude palm oil fell 0.47% to Rs 421.90 per 10 kg in futures trade today, amid profit-booking by participants at existing higher levels.

At the Multi Commodity Exchange, crude palm oil for delivery in August traded lower by Rs 2, or 0.47% to Rs 421.90 per 10 kg in a business turnover of 138 lots.

The oil for delivery in July shed Rs 1.60, or 0.37% to Rs 423.10 per 10 kg in 63 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, sluggish demand at the spot market, influenced crude palm oil prices in futures trade.