NEW DELHI – Extending the time for increases prices in last three days, crude palm oil (CPO) rose by 0.75% to Rs 427.40 per 10kg in futures trade on Wednesday (24/12/2014) due to the speculators enlarged position in global trend.
In Multi Commodity Exchange, as published by Business Standard, the oil for this month delivery added by Rs 3.20 pr 0.75% to Rs 427.40 per 10kg in business turnover of 70 lots.
Also for CPO in January delivery roses by Rs 2.50, or 0.58%to Rs 436.70 per 10kg in 62 lots business turnover.
The analysts said, the speculators enlarged the position as the positive sign from global market mainly to keeping the high price of crude oil in futures trading. (T4)
