Crude palm oil futures move up by 0.57 per cent on spot demand

By PTI | 20 Jan, 2014, 01.48PM IST

0 comments |Post a Comment

READ MORE ON » spot market | speculators | net worth | MCX | Insurability | futures trade | crude palm oil

Crude palm oil prices moved up in futures market as speculators indulged in creating fresh positions after pick up in demand in the spot market.

ET SPECIAL:

Save precious time tracking your investments

NEW DELHI: Crude palm oil prices moved up by 0.57 per cent to Rs 533 per 10 kg in futures market today as speculators indulged in creating fresh positions after pick up in demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in January moved up by Rs 3, or 0.57 per cent, to Rs 533 per 10 kg in a business turnover of 55 lots.

Similarly, oil for delivery in February edged up by Rs 2.30, or 0.44 per cent, to Rs 528 per 10 kg in 55 lots.

Analysts said speculators indulged in creating fresh positions after pick up in demand in the spot market which mainly led to rise in crude palm oil prices at futures trade.