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Crude palm oil futures gain 0.33 per cent

(Representative Image) Photograph: (Reuters)

PTI New Delhi, Delhi, India Jun 14, 2018, 01.06 PM (IST)

Crude palm oil prices went up by 0.33 per cent to Rs 638.50 per 10 kg in futures trade today as speculators widened their positions amid firm demand at the spot market.

Besides, a positive trend in overseas markets supported the upmove.

At the Multi commodity Exchange, crude panel oil for this month contract rose by Rs 2.10, or 0.33 per cent, to Rs 638.50 per 10 kg, in a business turnover of 60 lots.

Similarly, the oil for delivery in July contract went up by Rs 1.90 or 0.30 per cent, to Rs 634.20 per 10 kg in 14 lots.

Analysts said widening of positions by participants amid pick up in spot demand against tight stocks position on restricted supplies from overseas markets mainly kept crude palm oil prices higher at futures trade.

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