 "Crude palm oil down 0.3% on profit-booking")
Crude palm oil prices declined by 0.38% to Rs 606.50 per 10 kg in futures trade today as speculators booking-profits at existing higher levels amid sluggish demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in March declined by Rs 2.30, or 0.38% to Rs 606.50 per 10 kg in business turnover of 154 lots.
Similarly, the oil for delivery in April traded lower by Rs 1.70, or 0.28% to Rs 603.50 per 10 kg in 187 lots.
Market analysts said besides profit-booking by speculators at current levels, subdued demand in the spot market against adequate stocks position, mainly weighed crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in March declined by Rs 2.30, or 0.38% to Rs 606.50 per 10 kg in business turnover of 154 lots.
Similarly, the oil for delivery in April traded lower by Rs 1.70, or 0.28% to Rs 603.50 per 10 kg in 187 lots.
Market analysts said besides profit-booking by speculators at current levels, subdued demand in the spot market against adequate stocks position, mainly weighed crude palm oil prices at futures trade.