 "Palm oil up 0.6% on spot demand")
Crude palm oil rose by 0.60% to Rs 449.50 per 10 kg as speculators indulged in creating fresh positions, tracking a firm trend at spot market on pick up in demand.
Tight supplies in the physical market on restricted arrivals from producing belts also supported the upside.
At the Multi Commodity Exchange, crude palm oil for delivery in November traded higher by Rs 2.70, or 0.60% to Rs 449.50 per 10 kg in business turnover of 87 lots.
Analysts attributed the rise in crude palm oil futures to pick up in demand in the spot market against restricted arrivals from producing belts.
Tight supplies in the physical market on restricted arrivals from producing belts also supported the upside.
At the Multi Commodity Exchange, crude palm oil for delivery in November traded higher by Rs 2.70, or 0.60% to Rs 449.50 per 10 kg in business turnover of 87 lots.
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In a similar fashion, the oil for delivery in October moved up by Rs 2, or 0.45% to Rs 443.30 per 10 kg in 53 lots.
Analysts attributed the rise in crude palm oil futures to pick up in demand in the spot market against restricted arrivals from producing belts.