 "Palm oil down 0.7% on profit-booking, shed 0.72%")
Crude palm oil fell 0.72 per cent to Rs 425 per 10 kg in futures trade today as speculators booked profits at existing higher levels amidst subdued spot market demand.
At the Multi Commodity Exchange, crude palm oil for delivery in July traded lower by Rs 3.10, or 0.72 per cent, to Rs 425 per 10 kg in a business turnover of 70 lots.
Similarly, the oil for delivery in August eased by Rs 2.40, or 0.56 per cent, to Rs 424.40 per 10 kg in 235 lots.
Market analysts said besides profit-booking by speculators at prevailing levels, sluggish demand at the spot market, influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in July traded lower by Rs 3.10, or 0.72 per cent, to Rs 425 per 10 kg in a business turnover of 70 lots.
Similarly, the oil for delivery in August eased by Rs 2.40, or 0.56 per cent, to Rs 424.40 per 10 kg in 235 lots.
Market analysts said besides profit-booking by speculators at prevailing levels, sluggish demand at the spot market, influenced crude palm oil prices at futures trade.