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Crude palm oil down by 0.8% on profit-booking

Analysts said apart from profit-booking, a weak trend in the global market weighed on crude palm oil futures prices

Press Trust of India New Delhi
Amid profit-booking by speculators at prevailing levels and a weakening trend overseas, crude palm oil futures prices fell 0.77% to Rs 455.10 per 10 kg today.

At Multi Commodity Exchange, crude palm oil for delivery in July eased Rs 3.50, or 0.77%, to Rs 446.50 per 10 kg in a business turnover of 150 lots.

Similarly, the oil for delivery in June traded lower by Rs 3, or 0.66%, to Rs 447.20 per 10 kg in 192 lots.

Analysts said apart from profit-booking, a weak trend in the global market weighed on crude palm oil futures prices.
 

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First Published: Jun 22 2015 | 11:57 AM IST

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