Crude palm oil gains 0.8% on global cues

Prices gained as speculators enlarged their positions

Press Trust of India New Delhi
Last Updated : Apr 25 2013 | 2:37 PM IST
Crude palm oil futures for May gained Rs 3.60, or 0.79% to Rs 459.80 per 10 kg in 414 lots.     

At the Multi Commodity Exchange (MCX), the April contract edged up by Rs 1.80, or 0.39% to Rs 463.60 per 10 kg in 151 lots.

Prices gained as speculators enlarged their positions.

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Speculators enlarging their positions in tandem with firming global trend influenced crude palm oil prices at futures trade.

On the Bursa Malaysia Derivatives, palm oil climbed 1.6% to $765 a tonne, the highest since April 12.

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First Published: Apr 25 2013 | 2:35 PM IST

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