Live
- US election outcome not to change direction of South Korea-US alliance: Seoul envoy
- 'Manipur Super 50' scores big in providing opportunities to the state's youth
- L&T Technology Services logs Rs 1,304 crore in net profit in FY24
- Rajya Sainik Board-Kolkata empowers deceased veteran's daughter with mobility
- BJP complains to ECI against Abhishek Banerjee for 'abusive' remarks against party candidate
- IPL 2024: RCB elect to bat first against in-form Sunrisers
- Selectors likely to name squad for T20 World Cup this weekend, say BCCI sources
- 'Democracy is crying', Mamata Banerjee sharpens attack against HC ruling in school jobs case
- Vet student 'suicide': Kerala HC dismisses suspended VC's petition challenging action against him
- Credit card data of 17K ICICI Bank users exposed; bank blocks cards, assures compensation
Crude palm oil futures fall 0.31 percent on profit-booking
Crude palm oil prices fell 0.31 per cent to Rs 568.50 per 10 kgs in futures trade today as speculators booked profits at prevailing price level amid fall in demand at the spot market.
NEW DELHI: Crude palm oil prices fell 0.31 per cent to Rs 568.50 per 10 kgs in futures trade today as speculators booked profits at prevailing price level amid fall in demand at the spot market.
Besides, sufficient stocks position following increased supplies from the producing regions, fuelled the downtrend.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in current month eased by Rs 1.80, or 0.31 per cent, to Rs 568.50 per 10 kgs, in a business turnover of 279 lots.
On similar lines, the oil for delivery in far-month March contract traded lower by Rs 1.70, or 0.29 per cent, to Rs 573 per 10 kgs in 468 lots.Analysts said, besides profit-booking by speculators at prevailing higher levels, fall in demand at the spot market, mainly weighed on crude palm oil prices.
