Crude palm oil futures gain 1.16 pc on rising spot demand

NEW DELHI, Nov 21:  Crude palm oil gained 1.16 per cent to  Rs 569 per 10 kg in futures trade today as speculators engaged in expanding positions, driven by rising demand in spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in November gained Rs 6.50, or 1.16 per cent to Rs 569 per 10 kg in business turnover of 168 lots.
Likewise, the oil delivery in December traded higher by Rs 6.30, or 1.12 per cent to Rs 570.10 per 10 kg in 202 lots.
Analysts attributed the rise in crude palm oil futures to rising demand at spot demand. (PTI)

LEAVE A REPLY

Please enter your comment!
Please enter your name here