# Crude palm oil futures gain 0.61% as demand picks up

> Crude palm oil futures on the Multi Commodity Exchange in India rose 0.61 percent to Rs 559.50 per 10 kg. Speculators built fresh positions after a pickup in spot market demand against tight stocks.

- Date: 2018-01-01 · published 2018-01-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/8163-crude-palm-oil-futures-gain-0-61-as-demand-picks-up
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight spot supplies and rising demand support palm oil prices in India, a key importer. The move reflects routine trading rather than a new supply shock.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/crude-palm-oil-futures-gain-0-61-as-demand-picks-up-118010100169_1.html

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