 "Crude palm oil rises 1.12% on higher demand")
Crude palm oil prices moved up by 1.12 per cent to Rs 432.70 per 10 kg in futures trading today as speculators enlarged positions amid a firming trend at spot market.
Tight stock position in the physical market on restricted arrivals from producing regions also supported the upside.
At the Multi Commodity Exchange, crude palm oil for delivery in October rose by Rs 4.80, or 1.12 per cent, to Rs 432.70 per 10 kg in a business turnover of 134 lots.
Analysts said besides rising demand in the spot market, limited arrivals from producing regions mainly led to the rise in crude palm oil prices at futures trade.
Tight stock position in the physical market on restricted arrivals from producing regions also supported the upside.
At the Multi Commodity Exchange, crude palm oil for delivery in October rose by Rs 4.80, or 1.12 per cent, to Rs 432.70 per 10 kg in a business turnover of 134 lots.
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The September contract added Rs 3.10, or 0.71 per cent, to Rs 437.90 per 10 kg in 196 lots.
Analysts said besides rising demand in the spot market, limited arrivals from producing regions mainly led to the rise in crude palm oil prices at futures trade.