# Crude palm oil futures fall 0.74 pc on profit-booking

> Crude palm oil on the Multi Commodity Exchange of India fell 0.74% to Rs 587.70 per 10 kg. Speculators booked profits at higher levels amid weaker spot demand and ample supplies from producing regions.

- Date: 2017-11-27 · published 2017-11-27T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/12719-crude-palm-oil-futures-fall-0-74-pc-on-profit-booking
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Profit-taking and weak spot demand point to continued softness in palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/crude-palm-oil-futures-fall-0-74-pc-on-profit-booking-117112700242_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.