Crude palm oil futures rise 1.18% on rising demand

Crude palm oil prices rose by 1.18 per cent to Rs 446.40 per 10 kg in futures market today as speculators enlarged positions, tracking a firm trend at spot market on rising demand.
Besides, tight supplies in the physical market due to less arrivals from producing regions, fuelled the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in October went up by Rs 5.20, or 1.18 per cent, to Rs 446.40 per 10 kg in a business turnover of 210 lots.
In a similar fashion, the oil for delivery in September edged up by Rs 4.80, or 1.07 per cent, to Rs 453.70 per 10 kg in 131 lots.

Analysts said besides rising demand in the spot market, restricted arrivals from producing regions mainly pushed up crude palm oil prices at futures trade.