 "Crude palm oil down by 0.5% on profit-booking")
Crude palm oil futures prices were down by 0.54% to Rs 459.30 per 10 kg today after speculators booked profits at prevailing levels amid subdued spot demand.
Further, a weak trend in edible oils overseas weighed on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in December declined by Rs 2.50, or 0.54%, to Rs 459.30 per 10 kg in business turnover of 163 lots.
Analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot market and higher supplies from the major producing belts, put pressure on crude palm oil futures prices.
Further, a weak trend in edible oils overseas weighed on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in December declined by Rs 2.50, or 0.54%, to Rs 459.30 per 10 kg in business turnover of 163 lots.
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Similarly, the oil for delivery in November fell 40 paise, or 0.08%, to Rs 450.60 per 10 kg in 21 lots.
Analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot market and higher supplies from the major producing belts, put pressure on crude palm oil futures prices.