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Crude palm oil futures gain 0.39% on demand uptick

Press Trust of India  |  New Delhi 

Crude palm prices rose further by 0.39 per cent to Rs 484.60 per 10 kg in futures trade today as speculators upped their bets, signalling a firm trend at the spot market on strong demand.

At Multi Commodity Exchange, crude palm for delivery in July edged higher by Rs 1.90, or 0.39 per cent, to Rs 484.60 per 10 kg in a business turnover of 42 lots.

Similarly, the for delivery for June contracts traded higher by Rs 1.80, or 0.37 per cent, to Rs 492.40 per 10 kg in 52 lots.

Analysts said rising exposure by participants, tracking a firm trend at the spot market on strong demand in the physical market following tight stock position due to a fall in supplies from producing regions lifted crude palm oil prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 19 2017. 11:42 IST