 "Crude palm oil up 0.7% on spot demand")
Crude palm oil rose further by Rs 3.80 to Rs 541 per 10 kg in futures trade today as speculators enlarged positions on strong spot demand.
At the Multi Commodity Exchange, crude palm oil for delivery in March rose Rs 3.80, or 0.70 per cent, to Rs 541 per 10 kg in a business turnover of 26 lots.
The February contract was up by Rs 3.10, or 0.58 per cent, to Rs 536.60 per 10 kg in 132 lots.
Meanwhile, palm oil prices for April delivery gained 0.90 per cent to 2,551 ringgit ($767) a tonne on the Malaysia Derivatives Exchange.
At the Multi Commodity Exchange, crude palm oil for delivery in March rose Rs 3.80, or 0.70 per cent, to Rs 541 per 10 kg in a business turnover of 26 lots.
The February contract was up by Rs 3.10, or 0.58 per cent, to Rs 536.60 per 10 kg in 132 lots.
Also Read
Analysts said besides strong domestic demand, firming trends in the global markets, on speculation that demand may improve as dry weather hurt soybean output prospects in South America also influenced prices.
Meanwhile, palm oil prices for April delivery gained 0.90 per cent to 2,551 ringgit ($767) a tonne on the Malaysia Derivatives Exchange.
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 →*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
SAVE 25%