Crude palm oil futures fall 0.30% on profit-booking

Crude palm oil prices softened 0.30 per cent to Rs 568.50 per 10 kgs in futures trade today as speculators booked profits at prevailing amid easing demand in the spot market.
Besides, adequate stocks position on increased supplies from the producing regions, fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in March declined Rs 1.70, or 0.30 per cent, to Rs 573 per 10 kg in business turnover of 56 lots.
On similar lines, the oil for delivery in February was trading lower by Rs 1.30, or 0.23 per cent, to Rs 569.50 per 10 kg in 57 lots.

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