Crude palm oil futures up on better global trend

Agencies
Posted: Thursday, Nov 05, 2009 at 1215 hrs IST
Updated: Thursday, Nov 05, 2009 at 1215 hrs IST

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Crude oil futures up on pick up in demand Crude palm oil remains up on demand expectations Cardamom marginally up on spot demand Crude palm oil futures remain up on positive globa...

New Delhi: Crude palm oil futures prices moved up by 0.47 per cent on Thursday as speculators indulged in creating fresh positions influenced by firming global trend.

Crude oil for current December month contract gained by 0.47 per cent to Rs 323 per 10 kg in business volume of 608 lots.

Similarly, the oil for delivery in November contract traded 0.37 per cent higher at 321.80 per 10 kg in 327 lots.

Market experts said fresh buying by speculators in tandem with firming global trend mainly pushed up crude palm oil prices in future trade.

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