Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude palm oil futures surge on firm demand

17-Aug2018

Crude palm oil futures surge on firm demand

Crude palm oil futures surged on MCX, as speculators widened their positions amid firm demand against tight stocks position on restricted supplies from overseas markets. Besides, a positive trend in overseas markets supported the up move.

The contract for August delivery was trading at Rs 603.00, up by 0.57% or Rs 3.40 from its previous closing of Rs 599.60. The open interest of the contract stood at 5406 lots.

The contract for September delivery was trading at Rs 601.50, up by 0.53% or Rs 3.20 from its previous closing of Rs 598.30. The open interest of the contract stood at 6698 lots on MCX.


Related News

View all news

Crude oil futures settle lower on Wednesday

Crude oil futures settled lower on Wednesday following a report that the European Union may soon launch a mechanism that will allow companies to bypass US sanctions, and trade with Iran. However, losses......

Crude oil futures settle lower on renewed global growth fears

Crude oil futures ended lower on Tuesday after a warning from the International Monetary Fund (IMF) and weak economic data out of China underlined concerns about global economic growth and energy demand.......

Crude palm oil futures trade in green on rise in demand

Crude palm oil futures traded in green on MCX in line with the firm  trend in Malaysian palm oil prices. Moreover, rise in spot demand from domestic markets coupled with the worries on dip in......

Top News

View all news

Power Finance sanctions Rs 7,785-crore term loan for Telangana irrigation project

Power Finance Corporation (PFC) has sanctioned a Rs 7,785-crore term loan in two packages for the Kaleshwaram irrigation project in Telangana. The project envisages irrigation facilities for an ayacut......

Surya Roshni incorporates WOS company

Surya Roshni  has incorporated a wholly owned subsidiary (WOS) namely Surya Roshni Led Lighting Projects, having Registered office at New Delhi (India) on January 21, 2019 vide Certificate of......

Spice Mobility incorporates foreign subsidiary in Nepal

Spice Mobility has incorporated 'Digispice Nepal', a 100% foreign subsidiary of the company, in Nepal. The main object of the company is to operate in the information technology industry and provide software......