Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude palm oil futures trade higher on uptick in demand

31-Jul2017

Crude palm oil futures trade higher on uptick in demand

Crude palm oil futures traded higher on MCX as speculators built up fresh positions amid uptick in domestic demand at spot market. Moreover, restricted supplies from producing regions too fuelled the uptrend.

The contract for July delivery was trading at Rs 488.10, up by 0.04% or Rs 0.20 from its previous closing of Rs 487.90. The open interest of the contract stood at 1360 lots.

The contract for August delivery was trading at Rs 492.50, up by 0.72% or Rs 3.50 from its previous closing of Rs 489.00. The open interest of the contract stood at 5083 lots on MCX.


Related News

View all news

Crude oil futures trade tad lower on trade war concerns

Crude oil futures traded marginally lower on MCX, as speculators cut bets amid concerns over the latest escalation in the US-China trade war, which clouded the demand outlook. US President Donald Trump......

Crude oil futures end lower with marginal losses on Monday

Crude oil futures ended lower with marginal losses on Monday as investors focused on deepening trade tension between the US and China that is expected to dent global crude demand. But, losses remained......

Crude oil futures trade higher on MCX

Crude oil futures traded higher on MCX as participants enlarged their holdings due to supply worries over the sanctions on Iran. Though, concerns that the United States is poised to impose additional tariffs......

Top News

View all news

GMR Infrastructure plans to develop logistics parks near Hyderabad airport: Report

GMR Infrastructure is reportedly planning to develop logistics parks, retail hub and commercial centre on land which it owns and operates by the company, around the Hyderabad international airport. The......

ITDC inks MoU with Moroccan Agency for Tourism Development: Report

India Tourism Development Corporation (ITDC) has reportedly inked Memorandum of Understanding (MoU) with Moroccan Agency for Tourism Development. This collaboration will strengthen and develop well-established......

Jamna Auto signs agreement with TBL

Jamna Auto Industries has signed an agreement with UK-based Tinsley Bridge (TBL) for technology transfer. The company also plans to introduce two new products stabilizer bars and U-bolts as part of the......