 "Palm oil up 0.6% on spot demand")
Amid rising spot market demand, crude palm oil futures traded higher by 0.66% to Rs 440.50 per 10 kg today as speculators enlarged positions.
On the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 2.90, or 0.66% to Rs 440.50 per 10 kg in business turnover of 81 lots.
Similarly, the oil for delivery in October edged higher by Rs 2.50, or 0.59% to Rs 425.60 per 10 kg in 66 lots.
Analysts said fresh positions built-up by speculators driven by rising spot market demand mainly supported the upside in crude palm oil prices at futures trade.
On the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 2.90, or 0.66% to Rs 440.50 per 10 kg in business turnover of 81 lots.
Similarly, the oil for delivery in October edged higher by Rs 2.50, or 0.59% to Rs 425.60 per 10 kg in 66 lots.
Analysts said fresh positions built-up by speculators driven by rising spot market demand mainly supported the upside in crude palm oil prices at futures trade.