Crude palm oil futures rise on good global trend

Image
Press Trust of India
Last Updated : Jan 20 2013 | 12:52 AM IST

Crude palm oil prices rose by Rs 2.60 or 0.69 per cent to Rs 377.30 per 10 kg in futures trade today, driven by a firming trend overseas.

At the Multi Commodity Exchange platform, crude palm oil for June-month contract gained Rs 2.60, or 0.69 per cent to Rs 377.30 per 10 kg, with a total business turnover of 2,182 lots.

The oil for delivery in May contract also traded higher by Rs 2.40, or 0.64 per cent to Rs 377.40 per 10 kg, with a business volume of 1,154 lots.

Marketmen said firming trend at global markets helped the rise in crude palm oil prices at futures market here.
    
Meanwhile, palm oil for August-delivery gained 1.8 per cent to $742 a metric tonne on the Malaysia Derivatives Exchange.

 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 26 2010 | 3:50 PM IST

Next Story