Crude palm oil falls by 0.5% amid profit-booking

Subdued spot demand also affected prices

Amid profit-booking by speculators and subdued spot demand, crude palm oil futures prices fell by 0.55% to Rs 378.50 per 10 kg today.

At the Multi Commodity Exchange, crude palm oil for delivery in September eased by Rs 2.10, or 0.55%, to Rs 378.50 per 10 kg in business turnover of 270 lots.

Similarly, the oil for delivery in October traded lower by Rs 1.80, or 0.46%, to Rs 385.40 per 10 kg in 65 lots.

Analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot market and a weak trend overseas also influenced crude palm oil futures prices.