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Crude palm oil futures fall 0.57% on profit-booking

Press Trust of India  |  New Delhi 

Crude palm prices fell 0.57 per cent to Rs 641 per 10 kgs 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 the current month eased Rs 3.70, or 0.57 per cent, to Rs 641 per 10 kgs, in a business turnover of 250 lots.

The for delivery in May traded lower by Rs 2.60, or 0.40 per cent, to Rs 649.10 per 10 kgs in 85 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: Thu, April 12 2018. 11:00 IST