Crude palm oil futures up 0.40% on firm demand


Press Trust of India New Delhi
Crude palm oil prices were up 0.40 per cent to Rs 642.70 per 10 kg in futures trade today as speculators raised bets amid a firm demand at the spot market.
Besides, a firming trend in overseas markets also supported the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in July rose by Rs 2.60, or 0.40 per cent, to Rs 642.70 per 10 kg, in a business turnover of 529 lots.
Similarly, the oil for delivery in August went up by Rs 1.10, or 0.17 per cent, to Rs 645 per 10 kg in 157 lots.
Analysts said widening of positions by participants amid pick-up in demand at the spot market against tight stocks position on restricted supplies from producing regions kept crude palm oil prices higher in futures trade.

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First Published: Jun 28 2018 | 12:20 PM IST

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