NEW DELHI, Feb 8: Crude palm oil prices fell 0.31 per cent to Rs 569.50 per 10 kgs in futures trade today as traders booked profits amid fall in demand at the spot market.
Besides, sufficient stocks position following higher supplies from the producing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery this month eased by Rs 1.80, or 0.31 per cent, to Rs 569.50 per 10 kgs in a business turnover of 74 lots.
On similar lines, the oil for delivery in March contract traded lower by Rs 1.60, or 0.27 per cent, at Rs 573 per 10 kgs in 78 lots.
Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand at the spot market weighed on crude palm oil prices. (PTI)
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