# Crude palm oil futures fall 0.80% on profit-booking

> Crude palm oil futures on India's Multi Commodity Exchange fell 0.80% to Rs 643 per 10 kg for May delivery. Speculators took profits at higher levels, and spot demand declined amid ample supplies from producing regions.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/6618-crude-palm-oil-futures-fall-0-80-on-profit-booking
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower spot demand and ample supply in India weigh on palm oil prices in a key importing market, supporting a softer outlook for vegetable oil costs.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/crude-palm-oil-futures-fall-0-80-on-profit-booking-118043000298_1.html

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