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Crude palm oil futures rise on good global trend

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Press Trust of India
Last Updated : Jan 20 2013 | 12:52 AM IST

Crude palm oil prices rose by Rs 2.60 or 0.69 per cent to Rs 377.30 per 10 kg in futures trade today, driven by a firming trend overseas.

At the Multi Commodity Exchange platform, crude palm oil for June-month contract gained Rs 2.60, or 0.69 per cent to Rs 377.30 per 10 kg, with a total business turnover of 2,182 lots.

The oil for delivery in May contract also traded higher by Rs 2.40, or 0.64 per cent to Rs 377.40 per 10 kg, with a business volume of 1,154 lots.

Marketmen said firming trend at global markets helped the rise in crude palm oil prices at futures market here.
    
Meanwhile, palm oil for August-delivery gained 1.8 per cent to $742 a metric tonne on the Malaysia Derivatives Exchange.

 

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First Published: May 26 2010 | 3:50 PM IST

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