Crude palm oil futures in Multi Commodity Exchange (MCX) traded marginally higher on as traders generated fresh positions, aided by pick-up in demand at the spot market vis-a-vis tight stocks position on limited supplies from producing regions. Moreover, a firming trend in overseas markets also get emerged the uptrend.
The contract for December delivery was trading at Rs 585.30, up by 0.15 percent or Rs 0.90 from its last closing of Rs 584.40. The contract’s open interest (OE) remained at 3884 lots.
The contract for January delivery was being traded at Rs 587.10, up by 0.2 percent or Rs 1.20 from its last closing of Rs 585.90, while the OE of the contract stood at 2,291 lots on MCX.