Crude palm oil futures gain 0.62%

Crude palm oil prices advanced by 0.62 per cent to Rs 539.30 per 10 kg in futures trade today as speculators engaged in enlarging positions, tracking a firm trend at spot market on rising demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October rose by Rs 3.30, or 0.62 per cent to Rs 539.30 per 10 kg in business turnover of 222 lots.
Similarly, the oil for delivery in September contracts edged up by Rs 2.10, or 0.39 per cent to Rs 542 per 10 kg in 145 lots.
Analysts said widening of positions by participants on the back of strong demand in the spot market against restricted supplies from producing regions, mainly kept crude palm oil prices higher at futures trade.