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Crude palm oil falls 0.5% on profit-booking

Weak overseas trend influenced crude palm oil futures here

Press Trust of India New Delhi
Last Updated : Apr 29 2013 | 2:47 PM IST
Crude palm oil futures for May declined by Rs 2.50, or 0.54%, to Rs 460.20 per 10 kg in 236 lots.

At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 1.30, or 0.27%, to Rs 464.70 per 10 kg in 33 lots.

Prices fell as speculators booked profits at prevailing higher levels.

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Weak overseas trend also influenced crude palm oil futures prices.

On the Malaysia Derivatives Exchange (MDEX), palm oil dropped by 1% to $757 a tonne.

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First Published: Apr 29 2013 | 2:45 PM IST

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