# Crude palm oil futures gain on firm demand

> 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.

- Date: 2018-09-04 · published 2018-09-04T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/7648-crude-palm-oil-futures-gain-on-firm-demand
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight Indian stocks and firm spot demand support palm oil import prices, and the rise tracks a positive overseas trend.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-04 | 1 | +2.2% | 4.2 | 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. |

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/crude-palm-oil-futures-gain-on-firm-demand-118090400286_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.