Business Standard

Crude palm oil futures fall 0.80% on profit-booking


Press Trust of India New Delhi
Crude palm oil prices fell 0.80 per cent to Rs 643 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.
At the Multi Commodity Exchange, crude palm oil for delivery in May contract eased by Rs 5.20, or 0.80 per cent, to Rs 643 per 10 kg in a business turnover of 360 lots.
The oil for delivery in June traded lower by Rs 4.30, or 0.66 per cent, to Rs 646 per 10 kg in 71 lots.
Analysts said profit-booking by speculators at prevailing levels and a fall in demand at spot market weighed on crude palm oil prices.

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First Published: Apr 30 2018 | 12:40 PM IST

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