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21-Jan2019

Crude palm oil futures trade in green on rise in demand

Crude palm oil futures traded in green on MCX in line with the firm  trend in Malaysian palm oil prices. Moreover, rise in spot demand from domestic markets coupled with the worries on dip in arrivals buoyed the CPO prices in future trade.

The contract for January delivery was trading at Rs 556.70, up 0.92% or Rs 5.10 from its previous closing of Rs 551.60. The open interest of the contract stood at 3453 lots.

The contract for February delivery was trading at Rs 565.50, up by 1.07% or Rs 6.00 from its previous closing of Rs 559.50. The open interest of the contract stood at 5605 lots on MCX.



 






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