Crude palm oil futures fall 0.48% on profit-booking

NEW DELHI, July 2: Crude palm oil prices fell 0.48 per cent to Rs 631 per 10 kg in futures trade today as speculators booked profits at prevailing levels amid fall in demand at the spot market.
Besides, sufficient stocks position following increased supplies from the producing regions fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in August eased by Rs 3.10, or 0.48 per cent, to Rs 631 per 10 kg, in a business turnover of 188 lots.
The oil for delivery in the current month was traded lower by Rs 2.40, or 0.37 per cent, to Rs 632.70 per 10 kg in 748 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)


Please enter your comment!
Please enter your name here