Friday 27 February 2015

MCX CRUDE PALM OIL RISES IN INCREASE DEMAND

Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips
The prices of MCX crude palm oil rose at the domestic commodity market on Friday after traders and speculators booked fresh positions in the agri commodity. Moreover, restricted supplies from the producing areas also supported the agri commodity.
At MCX, CPO futures for February 2015 contract were trading at Rs. 454.50 per kg, up by 0.31 per cent, after opening at Rs. 453.70 against the previous closing price of Rs. 453.70. It touched the intra-day high of Rs. 454.50 till the trading. Malaysia palm oil exports during Feb 1-25 dropped 6.64% compared to a month earlier on subdued demand from China. MalaysiaCrude palm oil prices in spot market gained by 0.90 and settled at 453.10 rupees.
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