 "Crude palm oil up 0.3% as demand picks up")
Crude palm oil prices rose by 0.31% to Rs 558.40 per 10 kg in futures trade today as speculators created fresh positions, driven by pick-up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in May rose by Rs 1.70, or 0.31%, to Rs 558.40 per 10 kg in business turnover of 104 lots.
Similarly, the oil for delivery in April traded higher by Rs 1.50, or 0.27%, to Rs 562.10 per 10 kg in 166 lots.
Analysts said speculators built-up fresh positions driven by pick-up in demand in the spot market which mainly led to rise in crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in May rose by Rs 1.70, or 0.31%, to Rs 558.40 per 10 kg in business turnover of 104 lots.
Similarly, the oil for delivery in April traded higher by Rs 1.50, or 0.27%, to Rs 562.10 per 10 kg in 166 lots.
Analysts said speculators built-up fresh positions driven by pick-up in demand in the spot market which mainly led to rise in crude palm oil prices at futures trade.