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17-Aug2016

Crude palm oil futures edge higher on pickup in demand

Crude palm oil futures edged higher on MCX as traders created fresh positions, driven by pickup in demand in the spot market. Besides, firm trend in the global market also added support to crude palm oil prices' uptrend.

The contract for August delivery was trading at Rs 563.80, up by 1.22% or Rs 6.80 from its previous closing of Rs 557.00. The open interest of the contract stood at 3682.00 lots.

The contract for September delivery was trading at Rs 555.50, up by 1.26% or Rs 6.90 from its previous close of Rs 548.60. The open interest of the contract stood at 3454.00 lots on MCX.


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