Crude palm oil futures surged on MCX as participants built up fresh positions following uptick in demand in the spot market. Besides, a firm trend in the global market also added support to crude palm oil prices' uptrend.
The contract for August delivery was trading at Rs 560.10, up by 2.85% or Rs 15.50 from its previous closing of Rs 544.60. The open interest of the contract stood at 3775.00 lots.
The contract for September delivery was trading at Rs 549.50, up by 2.79% or Rs 14.90 from its previous close of Rs 534.60. The open interest of the contract stood at 4219.00 lots on MCX.