Crude palm oil rises 0.9% on spot demand
Prices rose as speculators created fresh positions
)
Crude palm oil futures for May rose by Rs 4.10, or 0.89%, to Rs 461.70 per kg in 263 lots.
On the Multi Commodity Exchange (MCX), the April contract moved up by Rs 3.80, or 0.83%, to Rs 460 per 10 kg in 317 lots.
Prices rose as speculators created fresh positions following firming trend in domestic.
Pick-up in spot market demand and a firming global trend mainly led to rise in crude palm oil futures prices.
On the Malaysia Derivatives Exchange (MDEX), the crude palm oil rose 1.5% to ringgit 2,372 ($770) a metric tonne.
On the Multi Commodity Exchange (MCX), the April contract moved up by Rs 3.80, or 0.83%, to Rs 460 per 10 kg in 317 lots.
Prices rose as speculators created fresh positions following firming trend in domestic.
Pick-up in spot market demand and a firming global trend mainly led to rise in crude palm oil futures prices.
On the Malaysia Derivatives Exchange (MDEX), the crude palm oil rose 1.5% to ringgit 2,372 ($770) a metric tonne.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 02 2013 | 2:11 PM IST