 "Crude palm oil recovers 0.78% on spot demand")
Crude palm oil prices rebounded by 0.78 per cent to Rs 453.20 per 10 kg in futures trade today as speculators created fresh positions, taking positive cues from the spot market owing to demand surge.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in May moved up by Rs 3.50, or 0.78 per cent, to Rs 453.20 per 10 kg in a business turnover of 77 lots.
The June contract edged up by a similar margin to Rs 450.50 per 10 kg in 285 lots.
Analysts said speculators creating fresh positions due to rise in demand in the spot market mainly led to crude palm oil prices hardening in futures trade.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in May moved up by Rs 3.50, or 0.78 per cent, to Rs 453.20 per 10 kg in a business turnover of 77 lots.
The June contract edged up by a similar margin to Rs 450.50 per 10 kg in 285 lots.
Analysts said speculators creating fresh positions due to rise in demand in the spot market mainly led to crude palm oil prices hardening in futures trade.