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Crude palm oil marginally lower in early trade

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Press Trust of India New Delhi

Crude palm oil eased by 0.18% to Rs 486 per 10 kg in futures trade today as speculators indulged in profit-booking, motivated by a weak trend in the spot market.

At the Multi Commodity Exchange, September crude palm oil fell by 90 paise, or 0.18%, to Rs 486 per 10 kg, with a business turnover of 34 lots.

The October contract shed 60 paise, or 0.12%, to Rs 483 per 10 kg in 11 lots.

Marketmen said profit-booking by speculators amid a weak trend in the spot market on subdued demand mainly put pressure on crude palm oil futures prices.

 

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First Published: Aug 29 2011 | 11:23 AM IST

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