Crude palm oil down by 0.7%

Amid profit-booking by speculators at prevailing levels, crude palm oil futures prices fell 0.74% to Rs 455.10 per 10 kg today.

In addition, a weak trend overseas weighed.

At Multi Commodity Exchange, crude palm oil for delivery in June eased Rs 3.40, or 0.74%, to Rs 455.10 per 10 kg in business turnover of 244 lots.

Similarly, the oil for delivery in July traded lower by Rs 3, or 0.65%, to Rs 456.40 per 10 kg in 60 lots.

Analysts said a weak trend in the global market impacted crude palm oil futures prices.