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01-Nov2016

Crude palm oil futures trade higher on rising demand

Crude palm oil futures traded higher on MCX as participants enlarged their holdings, tracking rising demand in the spot market. Further, restricted supplies from major growing regions also added support to crude palm oil prices' uptrend.

The contract for November delivery was trading at Rs 516.00, up by 0.21% or Rs 1.10 from its previous closing of Rs 514.90. The open interest of the contract stood at 5101 lots.

The contract for December delivery was trading at Rs 520.00, up by 0.29% or Rs 1.50 from its previous closing of Rs 518.50. The open interest of the contract stood at 1713 lots on MCX.


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