Business Standard

Crude palm oil extends gains on global cues

Prices went up as speculators created fresh positions

Press Trust of India New Delhi
Crude palm oil futures for March rose by Rs 1.40, or 0.31%, to Rs 453 per 10 kg in 354 lots.

On the Multi Commodity Exchange (MCX), the April contract traded higher by Rs 1.20, or 0.26%, to Rs 456 per 10 kg in 235 lots.

Prices went up as speculators created fresh positions amid increased spot markets demand.

Firming global markets trend also influenced crude palm oil futures trade here.

In Malaysia, palm oil prices climbed 1% to $779 a tonne.

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First Published: Mar 20 2013 | 2:25 PM IST

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