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Crude palm oil futures slip 0.33 pc on profit-booking

Press Trust of India  |  New Delhi 

Crude palm prices fell by 0.33 per cent to Rs 591.60 per 10 kg in futures trade today as speculators booked profits amid fall in demand at the spot market.

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

At the Multi Commodity Exchange, crude palm for delivery in this month's contract eased by Rs 2, or 0.33 per cent, to Rs 591.60 per 10 kg in a business turnover of 52 lots.

The for delivery in September traded lower by Rs 1.10, or 0.19 per cent, to Rs 590 per 10 kg in 22 lots.

Analysts said profit-booking by speculators at prevailing levels and a fall in demand at the 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, August 08 2018. 11:20 IST