Crude palm oil futures recovered by Rs 2.10 to Rs 506.50 per 10 kg in futures trade today, as speculators created fresh positions on expectations of a rise in demand in the spot market.
Firming trend in overseas market also influenced the crude palm oil prices at futures market.
At the Multi Commodity Exchange, September crude palm oil rose by Rs 2.10, or 0.41%, to Rs 506.50 per 10 kg, with trading volume of 73 lots.
The November contract moved up by Rs 2, or 0.40%, to Rs 506.60 per 10 kg, with business volume of 41 lots, while prices for October contract inched up by Rs 1.20, or 0.23%, to Rs 507.20 per 10 kg, with an open interest of 260 lots.
Analysts said fresh buying by speculators on hopes of pick up in demand in the spot market, mainly led to the rise in crude palm oil prices at futures market.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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