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Crude palm oil futures fall 0.72 pc on profit-booking

Press Trust of India  |  New Delhi 

Crude palm prices fell 0.72 per cent to Rs 576.30 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at spot market.

Besides, sufficient stocks position following increased supplies from the producing regions, fuelled the downtrend.

In futures trading, at the Multi Commodity Exchange, crude palm for delivery in the current month eased by Rs 4.20, or 0.72 per cent, to Rs 576.30 per 10 kg, in a business turnover of 889 lots.

The for delivery in January traded lower by Rs 2.50, or 0.43 per cent, to Rs 578.10 per 10 kg in 353 lots.

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

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

First Published: Tue, December 05 2017. 14:25 IST