Don’t miss the latest developments in business and finance.

Spot demand lifts crude palm oil futures 0.76%

Image
Press Trust of India New Delhi
Last Updated : Jul 31 2017 | 9:19 PM IST
Crude palm oil prices went up by 0.76 per cent to Rs 492.70 per 10 kg in futures market today as speculators built up fresh positions amid uptick in domestic demand at spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 3.70, or 0.76 per cent to Rs 492.70 per 10 kg in business turnover of 154 lots.
Similarly, the oil for delivery in July contracts was also edged up by 10 paise, or 0.02 per cent to Rs 488 per 10 kg in 18 lots.
Analysts said fresh positions created by participants due to pick-up in demand in the physical markets against restricted supplies from producing regions mainly led to the rise in palm oil prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jul 31 2017 | 9:19 PM IST

Next Story