Crude palm oil futures fall 0.41% on profit-booking

Crude palm oil prices fell 0.41 per cent to Rs 480.50 per 10 kg in futures trade today as traders booked profits amid fall in demand at spot markets.
Besides, sufficient stocks 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 2, or 0.41 per cent, to Rs 480.50 per 10 kg, in a business turnover of 176 lots.
On similar lines, the oil for delivery in August traded lower by Rs 1.90, or 0.39 per cent, to Rs 477 per 10 kg in 423 lots.

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