Crude palm oil futures up on global cues
Oil prices for August contract increased by 0.51%
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Supported by a firming trend overseas, crude palm oil prices up by Rs 3 to Rs 496 per 10 kg in futures trade today.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 3, or 0.60%, to Rs 496 per 10 kg, with a business turnover of 60 lots.
Oil prices for August contract increased by Rs 2.60, or 0.51%, to Rs 503 per 10 kg with a volume of 50 lots.
Market analysts said fresh buying by traders, influenced by a firming global trend mainly helped crude palm oil prices to trade higher at futures trade.
Palm oil gained 1.70% to $693 per tonne on the Malaysia Derivatives Exchange.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 3, or 0.60%, to Rs 496 per 10 kg, with a business turnover of 60 lots.
Oil prices for August contract increased by Rs 2.60, or 0.51%, to Rs 503 per 10 kg with a volume of 50 lots.
Market analysts said fresh buying by traders, influenced by a firming global trend mainly helped crude palm oil prices to trade higher at futures trade.
Palm oil gained 1.70% to $693 per tonne on the Malaysia Derivatives Exchange.
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First Published: Aug 12 2013 | 1:54 PM IST