 "Palm oil down 0.4% on profit booking")
Crude palm oil prices drifted by 0.44% to Rs 569.70 per 10 kg in futures trade today as traders booked profits at prevailing levels, driven by a fall in demand in the spot market against adequate stocks.
At the Multi Commodity Exchange, crude palm oil for delivery in far-month May fell by Rs 2.50, or 0.44% to Rs 569.70 per 10 kg in a business turnover of 41 lots.
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Likewise, the oil for delivery in April weakened by Rs 1.80, or 0.31% to Rs 570.50 per 10 kg in 39 lots.
Analysts said besides profit-booking by participants at existing levels, decline in demand in the spot market against ample stocks, influenced crude palm oil prices at futures trade.
