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Crude palm oil futures remain up on positive global cues

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Agencies

Posted: Nov 19, 2009 at 1345 hrs IST

New Delhi Crude palm oil futures prices strengthened 0.56 per cent at the Multi Commodity Exchange on Thursday on increased buying by traders influenced by a firming global trend.

Crude palm oil for far-month December contract went up 0.56 per cent to Rs 341.30 per 10 kg with a business turnover of 736 lots.

Similarly, the oil for delivery in current month November gained 0.50 per cent to Rs 338.50 per 10 kg with a business turnover of 200 lots.

Market experts said increased buying by traders influenced by a firming global trend attributed to the rise in crude palm oil prices at the futures market.

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