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Crude palm oil falls on profit-booking

Weak overseas trend influenced crude palm oil futures here

Press Trust of India New Delhi
Last Updated : Apr 15 2013 | 3:03 PM IST
Crude palm oil futures for May declined by Rs 4.50, or 0.97%, to Rs 459.10 per 10 kg in 225 lots.

At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 4.10, or 0.88%, to Rs 459.20 per 10 kg in 250 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), the June contract dropped by 1.8% to 2,303 ringgit ($758) a tonne, the lowest level for the most-active contract since December 20.

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First Published: Apr 15 2013 | 3:02 PM IST

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