Crude palm oil futures edge higher 0.81% as demand picks up

Amid pick up in domestic demand and restricted arrivals from growing regions, crude palm oil prices were up by 0.81 per cent to Rs 412.10 per 10 kg in futures trading today as participants widened their positions.
At the Multi Commodity Exchange, crude palm oil for delivery in January 2016 rose by Rs 3.30, or 0.81 per cent to Rs 412.10 per 10 kg in business turnover of 368 lots.
Similarly, the oil for delivery in December was trading higher by Rs 1.20, or 0.30 per cent, to Rs 400.40 per 10 kg in 35 lots.
Analysts said building up of positions by speculators driven by pick up in demand in the spot market against limited arrivals from producing belts led to rise in crude palm oil prices at futures trade.