Crude palm oil up 0.3% on spot demand
Firming trend in overseas markets supported upside
)
Crude palm oil futures for June rose by Rs 1.40, or 0.29%, to Rs 475.60 per kg in 276 lots.
On the Multi Commodity Exchange (MCX), the May contract moved up marginally by 80 paise, or 0.16%, to Rs 472.90 per 10 kg in 245 lots.
Prices rose as speculators created fresh positions on rising spot demand.
Further, a firming trend in overseas markets also supported the upside.
On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 1% to $780 a tonne.
On the Multi Commodity Exchange (MCX), the May contract moved up marginally by 80 paise, or 0.16%, to Rs 472.90 per 10 kg in 245 lots.
Prices rose as speculators created fresh positions on rising spot demand.
Further, a firming trend in overseas markets also supported the upside.
On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 1% to $780 a tonne.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 13 2013 | 2:34 PM IST