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Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude palm oil futures surge on uptick in demand

Crude palm oil futures surge on uptick in demand (16-Aug-2016)

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.


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