28/09/2016 (Business Standard) -  Crude palm oil prices fell 1.17 per cent to Rs 547.30 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at spot market.

Further, ample stocks position following higher supplies from the producing belts too fuelled the downtrend.

At the Multi Commodity Exchange, crude palm oil for delivery in October eased by Rs 6.50, or 1.17 per cent, to Rs 547.30 per 10 kg, in a business turnover of 349 lots.

Similarly, the oil for delivery in September traded lower by Rs 3.40, or 0.59 per cent, to Rs 575.80 per 10 kg in 86 lots.

Market analysts said besides profit booking by speculators at prevailing higher levels, fall in demand at 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.)