Friday, 25 April 2014

Crude Palm Oil futures extend gains on spot demand

Crude palm oil futures traded up on MCX as speculators created fresh positions supported by pick up in demand in the spot market. Further, apart from a firming trend overseas, pick-up in the spot demand at domestic markets influenced crude palm oil futures prices.
The contract for April delivery was trading at Rs 570.10, up by 0.64% or Rs 3.60 from its previous closing of Rs 566.50. The open interest of the contract stood at 1157.00 lots.
The contract for May delivery was trading at Rs 568.30, up by 0.69% or Rs 3.90 from its previous closing of Rs 564.40. The open interest of the contract stood at 3430.00 lots on MCX.

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