Crude palm oil futures fall on profit-booking

Crude palm oil prices fell 0.53 per cent to Rs 602.50 per 10 kg in futures trade today as speculators booked profits at higher levels amid fall in demand at the spot market.

Further, higher domestic stocks against ample supply also triggered the downtrend in CPO prices.

At the Multi Commodity Exchange, crude palm oil for delivery in September eased by Rs 3.20, or 0.53 per cent, to Rs 602.50 per 10 kg in a business turnover of 106 lots.

The oil for delivery traded lower by Rs 2.70, or 0.44 per cent, to Rs 601.30 per 10 kg in 153 lots.

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

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)