02/09/2016 (Business Standard) -  Crude palm oil prices fell 0.56 per cent to Rs 545 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand at spot market.

Besides, adequate stocks position following higher supply from the producing belts also put pressure on palm oil prices.

At the Multi Commodity Exchange, crude palm oil for delivery in September eased by Rs 3.10, or 0.56 per cent, to Rs 545 per 10 kg, in a business turnover of 256 lots.

Similarly, the oil for delivery in October traded lower by Rs 2.60, or 0.48 per cent, to Rs 536.60 per 10 kg in 37 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.)