Thursday, 20 February 2014

NCDEX Crude Palm Oil Tips for February 20, 2014


CRUDE PALM OIL

  • Crude palm oil prices rose by 0.50 per cent to Rs 573.20 per 10 kg in futures trading after participants created speculative positions following rising demand in the spot markets.
  • At the Multi Commodity Exchange, crude palm oil for delivery in February rose by Rs 2.90, or 0.50 per cent, to Rs 573.20 per 10 kg in a business turnover of 43 lots.
  • Likewise, the oil for delivery in March was up by Rs 1.50, or 0.26 per cent, to Rs 574.20 per 10 kg in 43 lots.
  • Analysts said speculative positions built-up by participants following pick-up in spot demand mainly led to rise in crude palm oil prices at futures trade.

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