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Crude palm oil futures fall 0.23% on profit-booking

Press Trust of India  |  New Delhi 

Crude palm prices fell 0.23 per cent to Rs 644.50 per 10 kg in futures trade today as speculators booked profits at higher levels amid fall in demand in the spot market.

Further, mounting stocks on relentless supplies from growing regions also kept prices down.

At the Multi Commodity Exchange, crude palm for delivery in June eased by Rs 1.50, or 0.23 per cent, to Rs 644.50 per 10 kg, in a business turnover of 122 lots.

The for delivery in July traded lower by Rs 1.30, or 0.20 per cent, to Rs 644.60 per 10 kg in 35 lots.

Analysts said profit-booking by speculators at current levels and a fall in demand in the spot market weighed on crude prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 08 2018. 12:25 IST