 "Crude palm oil down 0.4% on profit booking")
Crude palm oil prices fell by Rs 2.40 to Rs 568.50 per 10 kg in futures trade today as profit booking by speculators on weak spot market trend.
Further, a weak trend in overseas market also fuelled the downtrend in crude palm oil futures.
At the Multi Commodity Exchange, crude palm oil for December delivery declined by Rs 2.40, or 0.42%, to Rs 568.50 per 10 kg with a business turnover of 46 lots.
Traders said besides profit taking by speculators on subdued domestic demand, a weak overseas trend led to a fall in crude palm oil prices in futures market.
Globally, the oil slid 0.50% to $817 a metric tonne on the Malaysia Derivatives Exchange.
Further, a weak trend in overseas market also fuelled the downtrend in crude palm oil futures.
At the Multi Commodity Exchange, crude palm oil for December delivery declined by Rs 2.40, or 0.42%, to Rs 568.50 per 10 kg with a business turnover of 46 lots.
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Likewise, the oil for delivery in November traded a shade lower at Rs 568.60 per 10 kg a loss of Rs 1.30, or 0.22%, with a business turnover of 9 lots.
Traders said besides profit taking by speculators on subdued domestic demand, a weak overseas trend led to a fall in crude palm oil prices in futures market.
Globally, the oil slid 0.50% to $817 a metric tonne on the Malaysia Derivatives Exchange.