Crude palm oil futures fall 0.35 pc on profit-booking

NEW DELHI, May 14: Crude palm oil prices fell 0.35 per cent to Rs 658.80 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at the spot market.
Negative overseas cues also put pressure on prices.
At the Multi Commodity Exchange, crude palm oil for delivery in the current month eased by Rs 2.30, or 0.35 per cent, to Rs 658.80 per 10 kg, in a business turnover of 341 lots.
The oil for delivery in June contract traded lower by Rs 1.60, or 0.24 per cent, to Rs 659.60 per 10 kg in 87 lots.
Analysts said profit-booking by speculators at prevailing levels and a fall in demand at spot market weighed on crude palm oil prices. (PTI)


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