 "Crude palm oil extends gains on rising demand")
Crude palm oil prices rose further by 0.15 per cent to Rs 534.10 per 10 kg in futures market today as speculators enlarged positions on the back of rising demand in spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in June inched up by 80 paise, or 0.15 per cent, to Rs 534.10 per 10 kg in business turnover of 222 lots.
The May contract edged up by 50 paise, or 0.09 per cent, to Rs 536.50 per 10 kg in 37 lots.
Analysts said besides rising demand in the spot market, restricted arrivals from producing regions mainly kept crude palm oil prices remain up at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in June inched up by 80 paise, or 0.15 per cent, to Rs 534.10 per 10 kg in business turnover of 222 lots.
The May contract edged up by 50 paise, or 0.09 per cent, to Rs 536.50 per 10 kg in 37 lots.
Analysts said besides rising demand in the spot market, restricted arrivals from producing regions mainly kept crude palm oil prices remain up at futures trade.