Crude palm oil falls by 0.4% on profit-booking

Crude palm oil prices fell by 0.41% to Rs 461.50 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand in spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in February eased by Rs 1.90 or 0.41% to Rs 461.50 per 10 kg in a business turnover of 82 lots.

Similarly, the oil for delivery in March traded lower by Rs 1.70 or 0.36% to Rs 466.20 per 10 kg in 38 lots.

Market analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand in the spot market mainly influenced crude palm oil prices at futures trade.