 "Crude palm oil declines by 0.6% on profit-booking")
Crude palm oil prices were lower by 0.57% to Rs 437.40 per 10 kg in futures trade today as speculators booked profits at prevailing levels, driven by sluggish demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in April month fell by Rs 2.50 or 0.57% to Rs 437.40 per 10 kg in business turnover of 15 lots.
On similar lines, the oil for delivery in May contracts eased by Rs 2.10 or 0.48% to Rs 439.80 per 10 kg in 53 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position mainly weighed on crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in April month fell by Rs 2.50 or 0.57% to Rs 437.40 per 10 kg in business turnover of 15 lots.
On similar lines, the oil for delivery in May contracts eased by Rs 2.10 or 0.48% to Rs 439.80 per 10 kg in 53 lots.
Analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position mainly weighed on crude palm oil prices at futures trade.