Crude palm oil futures down 0.79% on profit-booking

Crude palm oil prices traded lower by 0.79 per cent to Rs 514 per 10 kg in futures trade today after participants booked profits in the evening session, driven by easing demand in the spot market against adequate stocks.

The exchange remained closed for the morning session on account of "Diwali Balipratipada".

At the Multi Commodity Exchange, crude palm oil for delivery in November eased by Rs 4.10, or 0.79 per cent, to Rs 514 per 10 kg, in a business turnover of 113 lots.

On similar lines, the oil for delivery in December shed Rs 2.80, or 0.54 per cent, to Rs 519.00 per 10 kg in 10 lots.
 

Analysts said besides profit-booking by traders, fall in demand in the spot market against ample stocks position on higher supplies from producing regions, mainly led to decline in crude palm oil prices at futures trade.