Crude palm oil up 0.9% on spot demand
Prices rose as speculators created fresh positions
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Crude palm oil futures for April rose by Rs 4.10, or 0.89%, to Rs 464.50 per kg in 402 lots.
On the Multi Commodity Exchange (MCX), the May contract moved up by Rs 2.70, or 0.59%, to Rs 458.40 per 10 kg in 333 lots.
Prices rose as speculators created fresh positions on expectations of pick-up in spot market demand.
Further, a firming trend in overseas markets also supported the upside.
On the Bursa Malaysia Derivatives Exchange (MDEX), palm oil for July climbed 0.40% to 2,310 ringgit ($763) a metric tonne after falling for three straight weeks.
On the Multi Commodity Exchange (MCX), the May contract moved up by Rs 2.70, or 0.59%, to Rs 458.40 per 10 kg in 333 lots.
Prices rose as speculators created fresh positions on expectations of pick-up in spot market demand.
Further, a firming trend in overseas markets also supported the upside.
On the Bursa Malaysia Derivatives Exchange (MDEX), palm oil for July climbed 0.40% to 2,310 ringgit ($763) a metric tonne after falling for three straight weeks.
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First Published: Apr 17 2013 | 2:38 PM IST