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Crude palm oil futures trade higher on MCX

26 Sep 2018 Evaluate

Crude palm oil futures traded higher on MCX, due to widening of bets by participants tracking uptick in demand from spot markets. However, higher stock levels trimmed some gains in CPO prices.

The contract for September delivery was trading at Rs 597.30, up by 0.49 % or Rs 2.90 from its previous closing of Rs 594.40. The open interest of the contract stood at 2098 lots.

The contract for October delivery was trading at Rs 597.30, up by 0.73 % or Rs 4.30 from its previous closing of Rs 593.00. The open interest of the contract stood at 5779 lots on MCX.