 "Crude palm oil remain weak on profit-booking")
Continuing its slide, crude palm oil prices further by 0.47% to Rs 505.10 per 10 kg in futures trading today as speculators booked profits amid a weak trend at spot market on subdued demand.
At the Multi Commodity Exchange, crude palm oil for delivery in July shed Rs 2.40, or 0.47%, to Rs 505.10 per 10 kg in business turnover of 225 lots.
Similarly, crude oil for delivery in the June traded lower by Re 1, or 0.20%, to Rs 504.30 per 10 kg in 106 lots.
Analysts said besides profit-booking by speculators, subdued demand in the spot market against adequate stocks position mainly influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in July shed Rs 2.40, or 0.47%, to Rs 505.10 per 10 kg in business turnover of 225 lots.
Similarly, crude oil for delivery in the June traded lower by Re 1, or 0.20%, to Rs 504.30 per 10 kg in 106 lots.
Analysts said besides profit-booking by speculators, subdued demand in the spot market against adequate stocks position mainly influenced crude palm oil prices at futures trade.