Crude palm oil futures prices fall 1% on profit-booking
Crude palm oil futures prices today fell by 1 per cent to Rs 424.40 per 10 kg amid profit- booking by speculators at prevailing levels.
Subdued demand in the local markets also put pressure on the prices, traders said.
At the Multi Commodity Exchange, crude palm oil for delivery in November fell by Rs 4.10, or a per cent, to Rs 424.
40 per 10 kg in a business turnover of 491 lots.
Similarly, the oil for delivery in December traded higher by Rs 4.30, or 0.98 per cent, to Rs 43,260 per 10 kg in a trade volume of 795 lots.
Analysts attributed profit-booking by speculators at prevailing level and subdued demand in the domestic market for crude palm oil prices to trade at lower levels at futures.
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