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Crude palm oil futures down 0.81% on profit-booking

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Press Trust of India New Delhi
Crude palm oil prices fell 0.81 per cent to Rs 554.10 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand in spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in October eased by Rs 4.50 or 0.81 per cent to Rs 554.10 per 10 kg in a business turnover of 140 lots.

On similar lines, the oil for delivery in September traded lower by Rs 3.40 or 0.60 per cent to Rs 567.60 per 10 kg in 217 lots.

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

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First Published: Sep 12 2016 | 11:22 AM IST

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