Lower supplies, higer demand lifts CPO future
02/07/2014 15:26
The prices of crude palm oil rose in the domestic commodity market on Wednesday for the second consecutive day on higher demand of the agri commodity at the spot market as traders and speculators created fresh positions in the commodity. The sentiment improved further after supplies of the commodity from the producing areas remained limited. At the MCX, Crude Palm Oil future for July contract traded at Rs. 524 per 10 kg, up by 0.02 per cent after opening at Rs. 523.30 against the previous close of Rs. 523.90. It touched the intra-day high of Rs. 526.50 till the trading. (At 03.27 PM today)
02/07/2014 15:26
The prices of crude palm oil rose in the domestic commodity market on Wednesday for the second consecutive day on higher demand of the agri commodity at the spot market as traders and speculators created fresh positions in the commodity. The sentiment improved further after supplies of the commodity from the producing areas remained limited. At the MCX, Crude Palm Oil future for July contract traded at Rs. 524 per 10 kg, up by 0.02 per cent after opening at Rs. 523.30 against the previous close of Rs. 523.90. It touched the intra-day high of Rs. 526.50 till the trading. (At 03.27 PM today)
