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Crude palm oil futures rise 0.51 pc

Press Trust of India  |  New Delhi 

Crude palm prices were trading up 0.51 per cent to Rs 485.90 per 10 kg in futures trade today as traders created fresh positions, supported by pick-up in demand at the spot market.

Besides, a firming trend in overseas markets fuelled the uptrend.



At the Multi Commodity Exchange, crude palm for May rose Rs 2.50, or 0.51 per cent, to Rs 485.90 per 10 kg in a business turnover of 157 lots.

Similarly, the for delivery this month went up by Rs 2.10, or 0.41 per cent, to Rs 512.30 per 10 kg in 153 lots.

Analysts said, widening of positions by participants driven by pick-up in demand in the spot market against tight stocks position on restricted supplies from producing regions mainly kept crude palm prices higher at futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Crude palm oil futures rise 0.51 pc

Crude palm oil prices were trading up 0.51 per cent to Rs 485.90 per 10 kg in futures trade today as traders created fresh positions, supported by pick-up in demand at the spot market. Besides, a firming trend in overseas markets fuelled the uptrend. At the Multi Commodity Exchange, crude palm oil for May rose Rs 2.50, or 0.51 per cent, to Rs 485.90 per 10 kg in a business turnover of 157 lots. Similarly, the oil for delivery this month went up by Rs 2.10, or 0.41 per cent, to Rs 512.30 per 10 kg in 153 lots. Analysts said, widening of positions by participants driven by pick-up in demand in the spot market against tight stocks position on restricted supplies from producing regions mainly kept crude palm oil prices higher at futures trade. Crude palm prices were trading up 0.51 per cent to Rs 485.90 per 10 kg in futures trade today as traders created fresh positions, supported by pick-up in demand at the spot market.

Besides, a firming trend in overseas markets fuelled the uptrend.

At the Multi Commodity Exchange, crude palm for May rose Rs 2.50, or 0.51 per cent, to Rs 485.90 per 10 kg in a business turnover of 157 lots.

Similarly, the for delivery this month went up by Rs 2.10, or 0.41 per cent, to Rs 512.30 per 10 kg in 153 lots.

Analysts said, widening of positions by participants driven by pick-up in demand in the spot market against tight stocks position on restricted supplies from producing regions mainly kept crude palm prices higher at futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Crude palm oil futures rise 0.51 pc

Crude palm prices were trading up 0.51 per cent to Rs 485.90 per 10 kg in futures trade today as traders created fresh positions, supported by pick-up in demand at the spot market.

Besides, a firming trend in overseas markets fuelled the uptrend.

At the Multi Commodity Exchange, crude palm for May rose Rs 2.50, or 0.51 per cent, to Rs 485.90 per 10 kg in a business turnover of 157 lots.

Similarly, the for delivery this month went up by Rs 2.10, or 0.41 per cent, to Rs 512.30 per 10 kg in 153 lots.

Analysts said, widening of positions by participants driven by pick-up in demand in the spot market against tight stocks position on restricted supplies from producing regions mainly kept crude palm prices higher at futures trade.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22