Crude palm oil futures fall 0.28% on profit-booking

Crude palm oil prices fell 0.28 per cent to Rs 559.80 per 10 kg in futures trade today as traders booked profits amid fall in demand at the spot market.
Besides, sufficient stocks position following higher supplies from the producing belts too fuelled the downtrend.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery this month eased by Rs 1.60, or 0.28 per cent, to Rs 559.80 per 10 kg, in a business turnover of 131 lots.
On similar lines, the oil for delivery in January traded lower by Rs 1.50, or 0.26 per cent to Rs 560 per 10 kg in 179 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand at the spot market mainly weighed on crude palm oil prices.