Crude palm oil futures fall on profit-booking

Press Trust of India  |  New Delhi 

Crude palm prices fell 0.64 per cent to Rs 645.60 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at spot market.

Meanwhile, negative cues from overseas market also dragged down the crude palm prices.

At the Multi Commodity Exchange, crude palm for delivery in the current month eased by Rs 4.20, or 0.64 per cent, to Rs 645.60 per 10 kg, in a business turnover of 124 lots.

The for delivery in May was traded lower by Rs 2.70, or 0.41 per cent, to Rs 652.80 per 10 kg in 245 lots.

Analysts said profit-booking by speculators at prevailing levels and a fall in demand at spot market weighed on crude palm prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 26 2018. 12:20 IST