Comments
Crude palm oil prices rose Rs 2.80 to Rs 506.60 per 10 kg at the futures trade today as speculators created fresh positions influenced by a firming global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in April rose Rs 2.80 or 0.56 per cent to Rs 506.60 per 10 kg with a business turnover of single lot. Similarly, May contract gained Rs 2.60 or 0.52 per cent to Rs 503.80 per 10 kg with an open interest of just one lot.
Analysts attributed the uptrend in crude palm oil futures prices to fresh buying by speculators in tandem with a firming global trend.
Meanwhile, palm oil gained 0.4 per cent a tonne on the Malaysia Derivatives Exchange.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.