 "Crude palm oil falls 0.98% on profit-booking")
Crude palm oil futures fell by 0.98 per cent to Rs 520.40 per 10 kg today after speculators booked profits at prevailing higher levels.
At the Multi Commodity Exchange, crude palm oil for delivery in June declined by Rs 5.20, or 0.98 per cent, to Rs 520.40 per 10 kg in a business turnover of 440 lots.
Similarly, the oil for delivery in May traded lower by Rs 3.90, or 0.73 per cent, to Rs 524.60 per 10 kg in 68 lots.
Analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot markets also influenced the crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in June declined by Rs 5.20, or 0.98 per cent, to Rs 520.40 per 10 kg in a business turnover of 440 lots.
Similarly, the oil for delivery in May traded lower by Rs 3.90, or 0.73 per cent, to Rs 524.60 per 10 kg in 68 lots.
Analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot markets also influenced the crude palm oil prices.