 "Crude palm oil rises by 0.6% on good demand")
Crude palm oil prices rose by Rs 2.50 or 0.58% to Rs 430.50 per 10 kg in futures trading today, largely in tandem with a firming trend at spot markets on good demand.
At the Multi Commodity Exchange, crude palm oil for delivery in December month moved up by Rs 2.50, or 0.58% to Rs 430.50 per 10 kg in business turnover of 98 lots.
The oil for delivery in January traded higher by Rs 2.40, or 0.55% to Rs 437 per 10 kg in 49 lots.
Analysts said apart from a firming trend at spot market on pick-up in demand, tight supplies from producing regions, influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in December month moved up by Rs 2.50, or 0.58% to Rs 430.50 per 10 kg in business turnover of 98 lots.
The oil for delivery in January traded higher by Rs 2.40, or 0.55% to Rs 437 per 10 kg in 49 lots.
Analysts said apart from a firming trend at spot market on pick-up in demand, tight supplies from producing regions, influenced crude palm oil prices at futures trade.