Commodities

Marginal rise in crude palm oil futures

PTI New Delhi | Updated on July 20, 2011 Published on July 20, 2011

Buoyed by a firming trend in the global markets, crude palm oil prices traded marginally higher by 0.1 per cent to Rs 482.70 per 10 kg at the futures trade today.

A better trend at the spot market on pick-up in demand also supported the uptrend.

At the Multi Commodity Exchange, crude palm oil for delivery in July traded higher by 50 paise or 0.1 per cent to Rs 482.70 per 10 kg with a business turnover of 161 lots. Likewise, August contract edged up by 40 paise or 0.08 per cent to Rs 482 per 10 kg with an open interest of 592 lots.

Analysts said besides a firming trend overseas, pick-up in spot market demand helped crude palm oil futures prices to trade marginally higher.

Meanwhile, palm oil for October delivery gained 1.1 per cent to $1,047 a tonne on the Malaysia Derivatives Exchange.

Published on July 20, 2011
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