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MARKET DEVELOPMENT
Crude Palm Oil Futures Down 0.81% on Profit-booking
calendar13-09-2016 | linkBusiness Standard | Share This Post:

13/09/2016 (Business Standard) -  Crude palm oil prices fell 0.81 per cent to Rs 554.10 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand in spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in October eased by Rs 4.50 or 0.81 per cent to Rs 554.10 per 10 kg in a business turnover of 140 lots.

On similar lines, the oil for delivery in September traded lower by Rs 3.40 or 0.60 per cent to Rs 567.60 per 10 kg in 217 lots.

Market analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand in the spot market mainly influenced crude palm oil prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)