Commodities

Marginal rise in crude palm futures

PTI New Delhi | Updated on May 11, 2011 Published on May 11, 2011

Crude palm oil prices rose marginally by 2 to Rs 520.90 per 10 kg at the futures trade today as speculators created fresh positions on the back of rising demand in the physical market amid low stocks.

At the Multi Commodity Exchange, crude palm oil for delivery in May rose Rs 2 or 0.39 per cent to Rs 520.90 per 10 kg with a business volume of 11 lots.

Crude palm oil for delivery in June moved up by Rs 1.70 or 0.33 per cent to Rs 518 per 10 kg with a business turnover of 49 lots. Similarly, July contract edged up by Re one or 0.19 per cent to Rs 515.50 per 10 kg with an open interest of a single lot.

Analysts said fresh buying by speculators on the back of pick-up in demand at the spot market mainly pushed up crude palm oil futures prices.

Published on May 11, 2011
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