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Crude palm oil futures rise 0.34% on firm demand

Press Trust of India  |  New Delhi 

Crude prices rose 0.34 per cent to Rs 655.90 per 10 kg in futures trade today as speculators built up fresh positions, driven by pick up in demand in the spot market.

At the Multi Commodity Exchange, crude for delivery in May edged higher by Rs 2.30, or 0.35 per cent, to Rs 655.90 per 10 kg in business turnover of 119 lots.

Similarly, the for delivery in June was trading higher by Rs 2.20, or 0.34 per cent, to Rs 658.50 per 10 kg in 83 lots.

Analysts said fresh positions created by participants due to upsurge in demand in the physical market against tight stocks position on restricted supplies from producing regions led to rise in crude futures.

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

First Published: Fri, May 18 2018. 11:00 IST