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17-Nov2017

Crude palm oil futures edge higher on rising demand

Crude palm oil futures edged higher on MCX as participants enlarged their holdings amid rising demand in the spot market. Further, restricted supplies from major producing regions also fuelled the uptrend.

The contract for November delivery was trading at Rs 544.80, up by 0.26% or Rs 1.40 from its previous closing of Rs 543.40. The open interest of the contract stood at 3753 lots.

The contract for December delivery was trading at Rs 552.50, up by 0.45% or Rs 2.50 from its previous closing of Rs 550.00. The open interest of the contract stood at 4272 lots on MCX.


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