Business Standard

Crude palm oil rises 0.9% on spot demand

Prices rose as speculators created fresh positions

Press Trust of India New Delhi
Crude palm oil futures for May rose by Rs 4.10, or 0.89%, to Rs 461.70 per kg in 263 lots.

On the Multi Commodity Exchange (MCX), the April contract moved up by Rs 3.80, or 0.83%, to Rs 460 per 10 kg in 317 lots.

Prices rose as speculators created fresh positions following firming trend in domestic.

Pick-up in spot market demand and a firming global trend mainly led to rise in crude palm oil futures prices.

On the Malaysia Derivatives Exchange (MDEX), the crude palm oil rose 1.5% to ringgit 2,372 ($770) a metric tonne.

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First Published: Apr 02 2013 | 2:11 PM IST

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