MARKET DEVELOPMENT
Uptick in Demand Lifts Crude Palm Oil Futures By 0.68%
Uptick in Demand Lifts Crude Palm Oil Futures By 0.68%
26/07/2017 (Business Standard) - Crude palm oil prices rose by 0.68 per cent to Rs 477 per 10 kg in futures market today on firm advices from physical markets.
At Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 3.20, or 0.68 per cent to Rs 477 per 10 kg in business turnover of 248 lots.
Similarly, the oil for delivery in July was enquired higher by Rs 2.80, or 0.58 per cent to Rs 482.30 per 10 kg in 89 lots.
Analysts said fresh positions by created by participants due to pick-up in demand in physical market against restricted supplies from producing regions mainly led to rise in crude palm oil prices at futures trade.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
At Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 3.20, or 0.68 per cent to Rs 477 per 10 kg in business turnover of 248 lots.
Similarly, the oil for delivery in July was enquired higher by Rs 2.80, or 0.58 per cent to Rs 482.30 per 10 kg in 89 lots.
Analysts said fresh positions by created by participants due to pick-up in demand in physical market against restricted supplies from producing regions mainly led to rise in crude palm oil prices at futures trade.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)