Crude palm oil up on pick-up in demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:11 AM IST

Amid rising trend at spot market on pick up in domestic demand, crude palm oil futures prices today rose further by 0.12% to Rs 595 per 10 kg.

On the Multi Commodity Exchange, the April contract for crude palm oil added 70 paise, or 0.12% to Rs 595 per 10 kg in business turnover of 345 lots.

The March contract traded higher by 60 paise, or 0.10%, to Rs 590 per 10 kg in 39 lots.

Analysts said apart from firming trend at spot markets on pick-up in demand, restricted arrivals from producing regions also helped supported the upside in crude palm oil futures prices.

*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: Mar 27 2012 | 12:30 PM IST

Next Story