Crude palm oil futures gain 0.73% on rising demand

Image
Press Trust of India New Delhi
Last Updated : Sep 04 2017 | 11:42 AM IST
Amid strong demand at domestic spot market against restricted supplies from producing belts, crude palm oil prices were higher by 0.73 per cent to Rs 524.50 per 10 kg in futures trade today as traders created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 3.80, or 0.73 per cent, to Rs 524.50 per 10 kg, in a business turnover of 174 lots.
Similarly, the oil for delivery in October was trading higher by Rs 3.60, or 0.69 per cent, to Rs 524.10 per 10 kg in 19 lots.
Analysts said building up of positions by participants due to pick up in demand at the spot market against tight stocks position on fall in supplies from producing regions, mainly led to the rise in crude palm oil prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Sep 04 2017 | 11:42 AM IST

Next Story