 "Crude palm oil down 0.27% on profit booking")
Crude palm oil prices declined by 0.27 per cent to Rs 549 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in May traded lower by Rs 1.50, or 0.27 per cent, to Rs 549 per 10 kg in business turnover of 44 lots.
Similarly, the oil for delivery in June contract shed Re 1, or 0.18 per cent, to Rs 545.50 per 10 kg in 17 lots.
Analysts said besides profit booking by speculators at prevailing higher levels, subdued demand in the spot market, mainly influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in May traded lower by Rs 1.50, or 0.27 per cent, to Rs 549 per 10 kg in business turnover of 44 lots.
Similarly, the oil for delivery in June contract shed Re 1, or 0.18 per cent, to Rs 545.50 per 10 kg in 17 lots.
Analysts said besides profit booking by speculators at prevailing higher levels, subdued demand in the spot market, mainly influenced crude palm oil prices at futures trade.