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Crude palm oil futures prices fell by 0.61% to Rs 481.80 per 10 kg today, after speculators booked profits at prevailing levels amid a weakening trend overseas.
At the Multi Commodity Exchange, crude palm oil for delivery in July declined by Rs 3, or 0.61%, to Rs 481.80 per 10 kg in business turnover of 123 lots.
Similarly, palm oil for delivery in June traded lower by Rs 2.80, or 0.57%, to Rs 481.30 per 10 kg in 96 lots.
Analysts said besides profit-booking by speculators at existing levels, a weak trend overseas on speculation that demand may slow from India mainly influenced crude palm oil futures prices.
Meanwhile, palm oil for delivery in August dropped by 0.80% to 2,376 ringgit ($768) a tonne on the Malaysia Derivatives Exchange.
