Crude palm oil futures gain 0.26% as demand picks up

Crude palm oil prices were up by 0.26 per cent to Rs 431.50 per 10 kg in futures trading today as speculators created fresh positions, driven by rising demand in the spot market.
Besides, restricted arrivals from producing regions fuelled the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in September moved up by Rs 1.10, or 0.26 per cent to Rs 431.50 per 10 kg in business turnover of 39 lots.
Likewise, the oil for delivery in October traded higher by 60 paise, or 0.14 per cent to Rs 427.70 per 10 kg in 47 lots.

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