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Crude palm oil futures rise 0.47%

Press Trust of India  |  New Delhi 

Crude prices were up by 0.47 per cent to Rs 649.80 per 10 kgs in futures trade today as speculators created more bets, driven by a firm demand at the spot market.

Besides, a firming trend in overseas markets supported the uptrend.

At the Multi Commodity Exchange, crude for delivery in April rose by Rs 3.10, or 0.47 per cent, to Rs 649.80 per 10 kgs, in a business turnover of 186 lots.

Similarly, the for delivery in this month's contracts went up by Rs 1.90, or 0.29 per cent, to Rs 641.10 per 10 kgs in 218 lots.

Analysts said widening of positions by participants amid pick-up in demand in the spot market against tight stocks position on restricted supplies from producing regions kept crude prices higher in futures trade.

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

First Published: Wed, March 14 2018. 11:30 IST