Monday, 28 April 2014

Crude palm oil futures trade in green on MCX

Crude palm oil futures edged higher as speculators enlarged their position on expectation of rising demand of the commodity in both local as well as international markets. Holding up of stocks by stockiest also provided some additional impetus to the price of the commodity.
The contract for April delivery was trading at Rs 570.00, up by 0.33% or Rs 1.90 from its previous closing of Rs 568.10. The open interest of the contract stood at 601.00 lots.
The contract for May delivery was trading at Rs 568.80, up by 0.74% or Rs 4.20 from its previous closing of Rs 564.60. The open interest of the contract stood at 3204.00 lots on MCX.

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