 "Palm oil up 0.2% as demand picks up")
Crude palm oil futures traded higher by 0.21% to Rs 627.10 per 10 kg today as speculators created fresh positions on rising spot demand.
At the Multi Commodity Exchange, crude palm oil for delivery in August gained Rs 1.10, or 0.21%, to Rs 527.10 per 10 kg in a business turnover of 28 lots.
Likewise, the oil for delivery in July edged up by 30 paise, or 0.06%, to Rs 529.70 per kg in 29 lots.
Analysts said the rise in crude palm oil prices in futures trade was mostly supported by rising demand in the spot markets.
At the Multi Commodity Exchange, crude palm oil for delivery in August gained Rs 1.10, or 0.21%, to Rs 527.10 per 10 kg in a business turnover of 28 lots.
Likewise, the oil for delivery in July edged up by 30 paise, or 0.06%, to Rs 529.70 per kg in 29 lots.
Analysts said the rise in crude palm oil prices in futures trade was mostly supported by rising demand in the spot markets.