Comments
Crude palm oil prices moved up by Rs 3.30 to Rs 523.20 per 10 kg in futures trade today as speculators created fresh positions, supported by a firming global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in April moved up by Rs 3.30 or 0.63 per cent to Rs 523.20 per 10 kg, with an open interest of a single lot.
Similarly, the oil for delivery in May edged up by Rs 3.30 or 0.64 per cent to Rs 521 per 10 kg, with a business turnover of two lots.
Analysts attributed the uptrend in prices to fresh buying by speculators in tandem with a firming global trend.
Meanwhile, crude palm oil futures for delivery in June gained 0.6 per cent to $1,119 a tonne on the Malaysia Derivatives Exchange.
Comments
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.