Palm oil down 0.3% on profit-booking

Oil for delivery in June contracts shed 0.29%

Crude palm oil prices eased by 0.33% to Rs 521.30 per 10 kg in futures trade today as speculators booked profits at prevailing levels after a decline in demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in July fell by Rs 1.70, or 0.33% to Rs 521.30 per 10 kg in business turnover of 59 lots.

Similarly, the oil for delivery in June contracts shed Rs 1.50, or 0.29% to Rs 518.90 per 10 kg in 22 lots.

Analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market weighed on crude palm oil prices at futures trade here.