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Crude palm oil futures trade higher on technical buying
May-16-2019

Crude palm oil futures traded higher on MCX, due to technical buying at available lower rates and positive cues from of Malaysian palm oil. Besides, robust demand from domestic markets too pulled up the future price.

The contract for May delivery was trading at Rs 526.00, up 0.69% or Rs 3.60 from its previous closing of Rs 522.40. The open interest of the contract stood at 3681 lots.

The contract for June delivery was trading at Rs 527.50, up by 0.98% or Rs 5.10 from its previous closing of Rs 522.40. The open interest of the contract stood at 2735 lots on MCX.

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