Crude palm oil up 0.7% on global cues
Rising demand from China influenced crude palm futures trade here
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Crude palm oil futures for June rose by Rs 3.10, or 0.68%, to Rs 458.70 per 10 kg in 453 lots.
At the Multi Commodity Exchange (MCX), the May contract edged up by Rs 2.20, or 0.48%, to Rs 459.40 per 10 kg in 310 lots.
Prices traded higher as speculators created fresh positions.
Firming trend in overseas markets on rising demand from China mainly influenced crude palm oil prices at futures trade here.
On the Malaysia Derivatives, the July contract advanced 1.5% to $771 a metric tonne.
At the Multi Commodity Exchange (MCX), the May contract edged up by Rs 2.20, or 0.48%, to Rs 459.40 per 10 kg in 310 lots.
Prices traded higher as speculators created fresh positions.
Firming trend in overseas markets on rising demand from China mainly influenced crude palm oil prices at futures trade here.
On the Malaysia Derivatives, the July contract advanced 1.5% to $771 a metric tonne.
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First Published: May 08 2013 | 2:50 PM IST