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Crude palm oil rebounds on spot demand

Fresh positions created by speculators supported the trade

Press Trust of India  |  New Delhi 

Crude palm oil futures for April rebounded by Rs 3.50, or 0.77%, to Rs 457.70 per 10 kg i 631 lots.

At the Multi Commodity Exchange (MCX), the March contract gained Rs 3.40, or 0.75%, to Rs 451.50 per 10 kg in 669 lots.

Fresh positions created by speculators, driven by rising spot market demand mainly influenced crude palm oil futures market.

First Published: Fri, March 15 2013. 14:54 IST