Crude palm oil futures rise by 0.09% on spot demand

Crude palm oil prices were up by 0.09 per cent to Rs 529.40 per 10 kg in futures trading today as speculators created fresh positions following pick up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in September edged up by 50 paise, or 0.09 per cent to Rs 529.40 per 10 kg in business turnover of 202 lots.
However, the oil for delivery in October contracts held steady at Rs 528 per 10 kg in 47 lots.
Analysts said fresh positions built up by speculators due to pick up in demand in the spot market, mainly influenced crude palm oil prices at futures trade.