Crude palm oil futures gain 0.25% on spot demand

Supported by pick-up in domestic demand and tight supplies from producing belts, crude palm oil prices edged up by 0.25% to Rs 448.50 per 10 kg in futures trading today after speculators created fresh positions.

 

At the Multi Commodity Exchange, crude palm oil for delivery in October edged up by Rs 1.10, or 0.25%, to Rs 448.50 per 10 kg in a business turnover of 58 lots.

 

Similarly, the oil for delivery in September traded higher by 60 paise, or 0.13%, to Rs 455.30 per 10 kg in 24 lots.

 

Analysts said besides pick-up in demand in the spot market, restricted arrivals from producing regions influenced crude palm oil prices at futures trade.