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12-Mar2019

Crude palm oil futures trade higher on short covering

Crude palm oil futures traded higher on MCX, due to short covering by market players after prices dipped on lower tariff value and import figures. Meanwhile, pick up in demand from spot markets buoyed the CPO rates in future market.

The contract for March delivery was trading at Rs 530.70, up 0.08% or Rs 0.40 from its previous closing of Rs 530.30. The open interest of the contract stood at 5346 lots. 

The contract for April delivery was trading at Rs 537.50 up by 0.07% or Rs 0.40 from its previous closing of Rs 537.10. The open interest of the contract stood at 2022 lots on MCX.


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