 "Crude palm oil remains higher on firm demand")
Crude palm oil prices rose further by 0.13 per cent to Rs 526.20 per 10 kg in futures trade today as speculators engaged in enlarging their positions, tracking a firm trend at spot market on good demand.
At the Multi Commodity Exchange, crude palm oil for delivery in July edged up by 70 paise, or 0.13 per cent, to Rs 526.20 per 10 kg in business turnover of 94 lots.
The June contract was up 30 paise, or 0.06 per cent, to Rs 527.50 per 10 kg in 22 lots.
Analysts said speculators enlarged positions supported by rising demand in the spot market mainly kept Crude palm oil prices higher for the second day in futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in July edged up by 70 paise, or 0.13 per cent, to Rs 526.20 per 10 kg in business turnover of 94 lots.
The June contract was up 30 paise, or 0.06 per cent, to Rs 527.50 per 10 kg in 22 lots.
Analysts said speculators enlarged positions supported by rising demand in the spot market mainly kept Crude palm oil prices higher for the second day in futures trade.