# Crude palm oil futures fall 0.48 pc on profit-booking

> Crude palm oil futures on the Multi Commodity Exchange of India fell 0.48 per cent to Rs 529.50 per 10 kg as speculators took profits at higher levels. Weaker spot demand and rising supplies from producing regions added to the decline.

- Date: 2017-10-03 · published 2017-10-03T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/5636-crude-palm-oil-futures-fall-0-48-pc-on-profit-booking
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Indian futures reflect softer domestic demand and ample stocks, which points to modestly weaker 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-0-48-pc-on-profit-booking-117100300272_1.html

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