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18-Feb2019

Crude palm oil futures trade higher on rise in demand

Crude palm oil futures traded higher on MCX, due to widening of bets by the speculators at prevailing lower rates, counting on rise in demand from the spot domestic markets. However, weaker trend overseas capped some gains.

The contract for February delivery was trading at Rs 563.80, up by 0.73% or Rs 4.10 from its previous closing of Rs 559.70. The open interest of the contract stood at 3177 lots.

The contract for March delivery was trading at Rs 571.50, up by 0.58% or Rs 3.30 from its previous closing of Rs 568.20. The open interest of the contract stood at 3530 lots on MCX.



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