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Crude palm oil gains 1.6% on strong demand

Prices rose amid strong domestic demand

Press Trust of India New Delhi
Last Updated : May 10 2013 | 3:54 PM IST
Crude palm oil futures for June gained Rs 7.50, or 1.63%, to Rs 468 per 10 kg in 723 lots.

At the Multi Commodity Exchange (MCX), the May contract traded higher by Rs 5.50, or 1.19%, to Rs 467.40 per 10 kg in 1,065 lots.

Prices rose amid strong domestic demand.

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Firming trend in the global markets pushed up crude palm oil prices at futures market.

On the Malaysia Derivatives, the July contract climbed 1.5% to $777 a tonne, the highest since April 29.

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First Published: May 10 2013 | 3:52 PM IST

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