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MARKET DEVELOPMENT
Crude palm oil futures strengthen on spot demand
calendar08-04-2010 | linkPTI | Share This Post:

08/04/2010 (PTI), New Delhi - Crude palm oil futures prices were up by Rs 0.60 to Rs 364.30 per 10 kg today after traders enlarged positions, driven by pick up in demand in the spot market.

At the Multi Commodity Exchange counter, crude palm oil for May contract gained Rs 0.60, or 0.16 per cent, to Rs 364.30 per 10 kg with an open interest of 1,840 lots.

The oil for delivery in April also traded marginally higher by Rs 0.30, or 0.08 per cent, to Rs 362.80 per 10 kg in 2,281 lots.

Analysts said firming trend in the spot market on the back of strong demand, influenced crude palm oil prices at futures market.