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Crude palm oil futures advance on rising demand

Press Trust of India  |  New Delhi 

Crude palm prices gained 0.25 per cent to Rs 561.30 per 10 kg in futures trade today as speculators engaged in enlarging positions, tracking a firm trend at spot market on rising demand.

At the Multi Commodity Exchange, crude palm for delivery in January contracts gained Rs 1.40, or 0.25 per cent, to Rs 561.30 per 10 kg in business turnover of 36 lots.

On similar lines, the for delivery in February contracts was trading Rs 1.30, or 0.23 per cent, higher to Rs 564.20 per 10 kg in 17 lots.

Analysts said expanding of positions by participants on the back of surging demand in the physical market against tight stocks positions on fall in supplies from producing regions kept prices higher.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 11:55 IST