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Crude Palm Oil Futures Rise 1.16% on High Demand

Also, the oil for delivery in January was up by Rs 4.10 or 0.95 per cent to Rs 433 per 10 kg in 327 lots.

Published: 27th January 2016 12:10 PM  |   Last Updated: 27th January 2016 12:10 PM   |  A+A-

By PTI

NEW DELHI: Crude palm oil futures gained 1.16 per cent to Rs 442.10 per 10 kg in futures trading today as traders enlarged speculative positions following rise in demand at the spot markets.

At the Multi Commodity Exchange, crude palm oil for delivery in February rose by Rs 5.10 or 1.16 per cent to Rs 442.10 per 10 kg in a business turnover of 260 lots.

Also, the oil for delivery in January was up by Rs 4.10 or 0.95 per cent to Rs 433 per 10 kg in 327 lots. 

Analysts said speculative positions built by participants following pick-up in spot demand mainly led to the rise in crude palm oil prices at futures trade.


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