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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.


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