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20-Mar2019

Crude palm oil futures trade high on technical buying

Crude palm oil futures traded moderately high on MCX, due to technical buying at prevailing lower rates by market players in line with firm trend in global markets. Though,  higher edible oil stocks by 20% compared to last year ports capped the upside.

The contract for March delivery was trading at Rs 527.50, up by 0.73% or Rs 3.80 from its previous closing of Rs 523.70. The open interest of the contract stood at 3125 lots.

The contract for April delivery was trading at Rs 531.00, up 0.68% or Rs 3.60 from its previous closing of Rs 527.40. The open interest of the contract stood at 3308 lots on MCX.


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