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Crude palm oil futures gain on firm demand

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Press Trust of India New Delhi
Last Updated : Sep 04 2018 | 12:30 PM IST

Crude palm oil prices went up by 1.01 per cent to Rs 606.80 per 10 kg in futures trade today as speculators widened their positions amid firm demand at the spot market.

Besides, a positive trend in overseas markets supported the upmove.

At the Multi Commodity Exchange, crude palm oil for delivery in this month rose by Rs 6.10, or 1.01 per cent, to Rs 606.80 per 10 kg in a business turnover of 656 lots.

Similarly, the oil for delivery in October went up by Rs 5.40, or 0.89 per cent, to Rs 610 per 10 kg in 195 lots.

Analysts said widening of positions by participants amid pick-up in spot demand against tight stock position on restricted supplies from overseas markets kept crude palm oil prices higher.

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First Published: Sep 04 2018 | 12:30 PM IST

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