Business Standard

Crude palm oil rises over 2% on spot demand

The June delivery moved up by Rs 10.70 to Rs 574 per 10 kg

Press Trust of India  |  New Delhi 

rose by Rs 12 to Rs 580 per 10 kg in futures trade today as speculators created fresh positions amid expectations of pick up in spot demand.

Firming trend in overseas also supported the oil prices in futures trade.

On the Multi Commodity Exchange, the July delivery was up by Rs 12, or 2.11%, to Rs 580 per 10 kg, with a trading volume of 892 lots.

The June delivery moved up by Rs 10.70, or 1.89%, to Rs 574 per 10 kg, with a business turnover of 263 lots.

Meanwhile, the September-delivery palm oil advanced by 3.6% to 3,059 ringgit ($958) a tonne on the Malaysia Derivatives Exchange.

Analysts said fresh buying by speculators on hopes of pick-up in spot market demand and firming trend overseas led to a rise in crude palm oil prices at futures market.

RECOMMENDED FOR YOU

Crude palm oil rises over 2% on spot demand

The June delivery moved up by Rs 10.70 to Rs 574 per 10 kg

Crude palm oil prices rose by Rs 12 to Rs 580 per 10 kg in futures trade today as speculators created fresh positions amid expectations of pick up in spot demand.

rose by Rs 12 to Rs 580 per 10 kg in futures trade today as speculators created fresh positions amid expectations of pick up in spot demand.

Firming trend in overseas also supported the oil prices in futures trade.

On the Multi Commodity Exchange, the July delivery was up by Rs 12, or 2.11%, to Rs 580 per 10 kg, with a trading volume of 892 lots.

The June delivery moved up by Rs 10.70, or 1.89%, to Rs 574 per 10 kg, with a business turnover of 263 lots.

Meanwhile, the September-delivery palm oil advanced by 3.6% to 3,059 ringgit ($958) a tonne on the Malaysia Derivatives Exchange.

Analysts said fresh buying by speculators on hopes of pick-up in spot market demand and firming trend overseas led to a rise in crude palm oil prices at futures market.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Anant Raj 42.10 15.34
Sequent Scien. 159.00 10.96
CCL Products 214.90 10.80
Rolta India 84.95 10.68
Eros Intl.Media 221.30 6.45
> More on BSE Gainers
Company Price() Chg(%)
Anant Raj 42.10 15.18
BGR Energy Sys. 118.15 11.46
Rolta India 85.15 10.80
CCL Products 214.10 10.39
Eros Intl.Media 222.05 6.70
> More on NSE Gainers
Company Price() Chg(%)
TVS Motor Co. 287.90 -9.66
Vinati Organics 462.25 -5.24
Marico 255.20 -4.46
Century Textiles 611.70 -4.20
Amtek Auto 36.70 -4.18
> More on BSE Gainers
Company Price() Chg(%)
TVS Motor Co. 287.45 -9.88
Vinati Organics 461.65 -5.24
Marico 254.50 -4.82
Intellect Design 223.75 -4.56
Amtek Auto 36.70 -4.18
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard