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Crude palm oil up 0.7% on global cues

Rising demand from China influenced crude palm futures trade here

Press Trust of India New Delhi
Last Updated : May 08 2013 | 2:54 PM IST
Crude palm oil futures for June rose by Rs 3.10, or 0.68%, to Rs 458.70 per 10 kg in 453 lots.     

At the Multi Commodity Exchange (MCX), the May contract edged up by Rs 2.20, or 0.48%, to Rs 459.40 per 10 kg in 310 lots.

Prices traded higher as speculators created fresh positions.

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Firming trend in overseas markets on rising demand from China mainly influenced crude palm oil prices at futures trade here.

On the Malaysia Derivatives, the July contract advanced 1.5% to $771 a metric tonne.

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First Published: May 08 2013 | 2:50 PM IST

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