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17-May2017

Crude palm oil futures trade up on MCX

Crude palm oil futures traded up on MCX as speculators built up positions amid firm trend at the spot market on rising demand. Besides, tight stocks position on fall in arrivals from producing regions also added support to crude palm oil prices' uptrend. .

The contract for May delivery was trading at Rs 512.20, up by 0.53% or Rs 2.70 from its previous closing of Rs 509.50. The open interest of the contract stood at 4582 lots.

The contract for June delivery was trading at Rs 500.10, up by 0.34% or Rs 1.70 from its previous closing of Rs 498.40. The open interest of the contract stood at 2386 lots on MCX.


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