 "Crude palm oil up 1.1% on global cues")
Crude palm oil gained 1.15% to Rs 527.30 per 10 kg in futures trade today as speculators created fresh positions, tracking a firm global trend.
Sentiment bolstered as palm oil advanced to the highest level in more than five weeks in global markets after the US Congress voted to end a 16-day government shutdown, and as rising Malaysian exports signalled growing demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October month gained Rs 6, or 1.15%, to Rs 527.30 per 10 kg in business turnover of 81 lots.
Marketmen attributed the rise in crude palm oil prices at futures trade to a firming global trend after the US Congress voted to end a 16-day government shutdown, and as rising Malaysian exports signalled growing demand.
Meanwhile, palm oil for the contract for delivery in January rose 1% to 769 dollar a metric tonne, the highest level since September 9, on the Malaysia Derivatives.
Sentiment bolstered as palm oil advanced to the highest level in more than five weeks in global markets after the US Congress voted to end a 16-day government shutdown, and as rising Malaysian exports signalled growing demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October month gained Rs 6, or 1.15%, to Rs 527.30 per 10 kg in business turnover of 81 lots.
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Similarly, the oil for delivery in November traded higher by Rs 5.90, or 1.13%, to Rs 527.30 per 10 kg in 48 lots.
Marketmen attributed the rise in crude palm oil prices at futures trade to a firming global trend after the US Congress voted to end a 16-day government shutdown, and as rising Malaysian exports signalled growing demand.
Meanwhile, palm oil for the contract for delivery in January rose 1% to 769 dollar a metric tonne, the highest level since September 9, on the Malaysia Derivatives.