Crude palm oil falls by 0.4% on profit-booking

Crude palm oil prices fell 0.41% to Rs 432.20 per 10 kg in futures trade today as speculators booked profits at prevailing levels amid easing demand at spot market.

Besides, adequate stocks position on higher supplies from producing regions put pressure on crude palm oil prices.

At the Multi Commodity Exchange, crude palm oil for delivery in October fell Rs 1.80, or 0.41%, to Rs 432.20 per 10 kg, in a business turnover of 182 lots.

Similarly, the oil for delivery in November traded lower by a similar margin to Rs 434 per 10 kg in 164 lots.

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