08/06/2011 (Commodity Online) - Crude palm oil fell on Tuesday on the back of profit booking and on tracking weak global cues.

Higher supply and sluggish demand in the domestic market also pressurized the futures.

At MCX CPO June contract is currently trading at Rs.522.50 per Kg, lower by 0.67 per cent against the previous close. In the earlier session the contract traded at a high of Rs. 524 per Kg and a low of Rs.520.50 per Kg. Open interest of the contract is 3868 lots and volume traded is 562 Kg as of now.

Traders said besides profit-booking by speculators, fall in demand against adequate stocks in the physical market mainly led to a fall in crude palm oil prices at the futures market.