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Crude palm oil futures fall 0.94 pc on profit-booking

Press Trust of India  |  New Delhi 

Crude palm prices fell by another 0.94 per cent to Rs 627.50 per 10 kg in futures trade today as speculators booked profits amid fall in demand at the spot market.

Negative overseas cues also put pressure on prices.

At the Multi Commodity Exchange, crude palm for delivery in the current month eased by Rs 6, or 0.94 per cent, to Rs 627.50 per 10 kg, in a business turnover of 208 lots.

The for delivery in July contract traded lower by Rs 4.80, or 0.76 per cent, to Rs 675.70 per 10 kg in 109 lots.

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

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

First Published: Wed, June 13 2018. 11:45 IST