Crude palm oil futures remain up on strong demand

NEW DELHI, Nov 10:  Continuing its rising streak for the fourth day, crude palm oil prices advanced 0.23 per cent to Rs 567.80 per 10 kg in futures trade today as speculators engaged in building of positions, driven by rising demand at the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in November gained Rs 1.30, or 0.23 per cent to Rs 567.80 per 10 kg in business turnover of 134 lots.
In a similar fashion, the oil for delivery in December edged higher by Rs 1.10, or 0.19 per cent to Rs 569 per 10 kg in 47 lots.
Analysts said expanding of positions by participants following pick up in demand in the physical market against tight stocks position on fall in supplies from producing regions mainly kept crude palm oil prices higher at futures trade. (PTI)


Please enter your comment!
Please enter your name here