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28-Nov2017

Crude palm oil futures edge higher on pickup demand

Crude palm oil futures edged higher on MCX as traders created fresh positions, supported by pick-up in demand at the spot market against tight stocks position on restricted supplies from producing regions. Besides, a firming trend in overseas markets too fuelled the uptrend.

The contract for November delivery was trading at Rs 590.30, up by 0.36% or Rs 2.10 from its previous closing of Rs 588.20. The open interest of the contract stood at 1374 lots.

The contract for December delivery was trading at Rs 587.30, up by 0.39% or Rs 2.30 from its previous closing of Rs 585.00. The open interest of the contract stood at 4330 lots on MCX.

 


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