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Crude palm oil up 0.7% on spot demand

October contract rises 0.62%

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Press Trust of India New Delhi

Crude palm oil prices were marginally up by Rs 4.90 to Rs 562 per 10 kg in futures trade today as traders created fresh positions on the back of a firming spot demand.

At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 4, or 0.71%, to Rs 562 per 10 kg, with a business turnover of 374 lots.

The October contract rose by Rs 3.50, or 0.62%, to Rs 564.60 per 10 kg, with a trading volume of 154 lots.

Marketmen said fresh buying by traders, influenced by a firming spot demand, helped crude palm oil prices to trade higher at futures trade.

 

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First Published: Sep 03 2012 | 2:25 PM IST

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