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Crude palm oil prices eased by 0.22% to Rs 448.90 per 10 kg in futures trade today as speculators booked profits at prevailing high levels coupled with fall in spot demand.
At the Multi Commodity Exchange, crude palm oil for delivery in June month declined by Re 1, or 0.22% to Rs 448.90 per 10 kg in business turnover of 62 lots.
However, the oil for delivery in May held steady at Rs 456.70 per 10 kg in 6 lots.
Market analysts said profit-booking by speculators at existing high levels and fall in demand in the spot market against adequate stocks position mainly kept pressure on crude palm oil prices.
