Crude palm oil futures down 0.64 pc on profit-booking

NEW DELHI, June 9:  Crude palm oil futures prices fell by 0.64 per cent to Rs 510 per 10 kg today after speculators booked profits at prevailing levels amid a weak trend overseas.
At the Multi Commodity Exchange, crude palm oil for delivery in June declined by Rs 3.30, or 0.64 per cent, to Rs 510 per 10 kg in business turnover of 185 lots.
Similarly, the oil for delivery in July traded lower by Rs 2.80, or 0.54 per cent, to Rs 506.60 per 10 kg in 122 lots.
Analysts said apart from profit-booking by speculators at existing higher levels, a weak trend in the global market influenced crude palm oil futures prices.
In Malaysia, palm oil fell one per cent to USD 745 a metric tonne on the Malaysia Derivatives Exchange. (PTI)