You are here: Home » PTI Stories » National » News
Business Standard

Uptick in demand lifts crude palm oil futures by 1.08%

Press Trust of India  |  New Delhi 

Amid pick up in domestic demand and restricted supplies from producing regions, crude palm prices were up 1.08 per cent to Rs 554.50 per 10 kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, crude palm for December moved up by Rs 5.90, or 1.08 per cent, to Rs 554.50 per 10 kg, in a business turnover of 57 lots.



Similarly, the for delivery in November went up by Rs 4.40, or 0.80 per cent, to Rs 552.30 per 10 kg in 13 lots.

Analysts said widening of positions by participants amid upsurge in demand in the spot market against restricted supplies from producing belts mainly attributed the rise in crude palm prices at futures trade.

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

RECOMMENDED FOR YOU

Uptick in demand lifts crude palm oil futures by 1.08%

Amid pick up in domestic demand and restricted supplies from producing regions, crude palm oil prices were up 1.08 per cent to Rs 554.50 per 10 kg in futures trade today as speculators enlarged positions. At the Multi Commodity Exchange, crude palm oil for December moved up by Rs 5.90, or 1.08 per cent, to Rs 554.50 per 10 kg, in a business turnover of 57 lots. Similarly, the oil for delivery in November went up by Rs 4.40, or 0.80 per cent, to Rs 552.30 per 10 kg in 13 lots. Analysts said widening of positions by participants amid upsurge in demand in the spot market against restricted supplies from producing belts mainly attributed the rise in crude palm oil prices at futures trade. Amid pick up in domestic demand and restricted supplies from producing regions, crude palm prices were up 1.08 per cent to Rs 554.50 per 10 kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, crude palm for December moved up by Rs 5.90, or 1.08 per cent, to Rs 554.50 per 10 kg, in a business turnover of 57 lots.

Similarly, the for delivery in November went up by Rs 4.40, or 0.80 per cent, to Rs 552.30 per 10 kg in 13 lots.

Analysts said widening of positions by participants amid upsurge in demand in the spot market against restricted supplies from producing belts mainly attributed the rise in crude palm prices at futures trade.

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

image
Business Standard
177 22

Uptick in demand lifts crude palm oil futures by 1.08%

Amid pick up in domestic demand and restricted supplies from producing regions, crude palm prices were up 1.08 per cent to Rs 554.50 per 10 kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, crude palm for December moved up by Rs 5.90, or 1.08 per cent, to Rs 554.50 per 10 kg, in a business turnover of 57 lots.

Similarly, the for delivery in November went up by Rs 4.40, or 0.80 per cent, to Rs 552.30 per 10 kg in 13 lots.

Analysts said widening of positions by participants amid upsurge in demand in the spot market against restricted supplies from producing belts mainly attributed the rise in crude palm prices at futures trade.

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

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

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