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Crude palm oil futures up on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

Buoyed by a firming trend in the global markets, crude palm oil prices rose by Rs 2.10 to Rs 488 per 10 kg in futures trading today.

A better trend at the spot markets on pick-up in demand also supported the uptrend.

At the Multi Commodity Exchange, August delivery rose by Rs 2.10, or 0.43%, to Rs 488 per 10 kg, with a business turnover of 62 lots.

September delivery moved up by Rs 2, or 0.41%, to Rs 488 per 10 kg, with an open interest of 60 lots.

Analysts said besides a firming overseas trend, pick-up in spot market demand led to the rise in crude palm oil futures prices.

Meanwhile, palm oil for the October contract advanced by 0.8% to $1,060 a tonne on the Malaysia Derivatives Exchange.

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First Published: Aug 01 2011 | 1:17 PM IST

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