Crude Palm Oil Futures Trade Up On MCX

Crude palm oil futures traded up on MCX as speculators built up fresh positions amid pick up in domestic demand at spot market. Moreover, restricted arrivals from producing belts too fuelled the uptrend. The contract for July delivery was trading at Rs 488.00, up by 0.39% or Rs 1.90 from its previous closing of Rs 486.10. The open interest of the contract stood at 1827 lots.

The contract for August delivery was trading at Rs 489.80, up by 1.07% or Rs 5.20 from its previous closing of Rs 484.60. The open interest of the contract stood at 4557 lots on MCX.

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