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Crude palm oil futures up by 0.28%

Press Trust of India  |  New Delhi 

Crude palm prices were up by 0.28 per cent to Rs 562.40 per 10 kg 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 palm for delivery this month rose by Rs 1.60, or 0.28 per cent, to Rs 562.40 per 10 kg, in a business turnover of 121 lots.

Similarly, the for delivery for December contract went up by Rs 1.10, or 0.19 per cent, to Rs 567 per 10 kg in 46 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 mainly kept crude palm oil 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, November 15 2017. 11:32 IST