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Crude palm oil futures up on improved demand

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Press Trust of India New Delhi

Crude palm oil prices traded higher by Rs 1.30, or 0.32 per cent, to Rs 405.50 per 10 kg in futures trade today, as speculators enlarged their positions after a rise in demand in the spot market. 

At the Multi Commodity Exchange platform, crude palm oil for November traded higher by Rs 1.30, or 0.32 per cent, to Rs 405.50 per 10 kg, with an open interest of 491 lots.

The oil for delivery in October inched up by Rs 0.70, or 0.17 per cent, to Rs 410.80 per 10 kg, with an open interest of 2,132 lots.

Analysts said positions built by speculators on pick up in demand in the spot markets led to a rise in crude palm oil futures.

 

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First Published: Sep 17 2010 | 3:11 PM IST

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