Crude palm oil futures fall 0.29% on profit-booking

Crude palm oil prices fell 0.29 per cent to Rs 537 per 10 kg in futures trade today as traders booked profits amid fall in demand at the spot market.
Besides, sufficient stock position following higher supplies from the producing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery this month eased by Rs 1.60, or 0.29 per cent, to Rs 537 per 10 kg, in a business turnover of 125 lots.
On similar lines, the oil for delivery in November traded lower by 0.80 paise, or 0.14 per cent, to Rs 534.30 per 10 kg in 92 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.