Crude Palm Oil trading range for the day is 414.8-434.6 . Crude palm oil price gained 0.56% to Rs 428.50 per 10 kg in futures trade today after participants created speculative positions on rising demand in spot markets.
MCX Crude Palm Oil for delivery in March rose by Rs 2.40, or 0.56%, to Rs 428.50 per 10 kg in a business turnover of 19 lots.
Likewise, the oil for delivery in February was up by Rs 1.80, or 0.42%, to Rs 424.60 per 10 kg in 101 lots.
Industry regulator the Malaysian Palm Oil Board reported that palm stocks fell 11.6 percent in December from a month before to 2.01 million tonnes, their lowest since July and just below market estimates of 2.02 million tonnes.
Likewise, the oil for delivery in February was up by Rs 1.80, or 0.42%, to Rs 424.60 per 10 kg in 101 lots.
Industry regulator the Malaysian Palm Oil Board reported that palm stocks fell 11.6 percent in December from a month before to 2.01 million tonnes, their lowest since July and just below market estimates of 2.02 million tonnes.
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