Crude palm oil rises almost 1% on spot demand
Prices moved up as speculators enlarged their positions
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Crude palm oil futures for May moved up by Rs 4.30, or 0.93% to Rs 464.20 per 10 kg in 261 lots.
At the Multi Commodity Exchange (MCX), the April contract traded higher by Rs 1.40, or 0.30% to Rs 463.80 per 10 kg in 52 lots.
Prices moved up as speculators enlarged their positions after pick-up in spot market demand.
Firming global trend influenced crude palm oil futures trade here.
On the Bursa Malaysia Derivatives, the July contract climbed 1.1% to $771 a tonne—highest since April 12.
At the Multi Commodity Exchange (MCX), the April contract traded higher by Rs 1.40, or 0.30% to Rs 463.80 per 10 kg in 52 lots.
Prices moved up as speculators enlarged their positions after pick-up in spot market demand.
Firming global trend influenced crude palm oil futures trade here.
On the Bursa Malaysia Derivatives, the July contract climbed 1.1% to $771 a tonne—highest since April 12.
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First Published: Apr 26 2013 | 2:43 PM IST