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Crude palm oil futures on India's Multi Commodity Exchange rose about 1 percent on Tuesday as speculators widened positions. Spot demand picked up against tight stocks, with restricted overseas supplies also cited.
Tight Indian stocks and firm spot demand support palm oil import prices, and the rise tracks a positive overseas trend.
business-standard.comPress Trust of IndiaSep 4, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Reports Tuesday gains on India's MCX as speculators widened positions and spot demand picked up against tight stocks, a demand and sentiment driver on the move date.
