 "Crude palm oil up by 0.2% on rising demand")
Crude palm oil prices rose by 0.20% to Rs 449.90 per 10 kg in futures trade today as speculators enlarged positions amid rising demand in spot markets against tight supplies from producing regions.
Expectations of lower output from major producing belts further fuelled the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in November advanced by 90 paise, or 0.20%, to Rs 449.90 per 10 kg in a business turnover of 87 lots.
Analysts said besides rising demand in the spot market, restricted arrivals from producing belts kept crude palm oil prices higher at futures trade.
Expectations of lower output from major producing belts further fuelled the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in November advanced by 90 paise, or 0.20%, to Rs 449.90 per 10 kg in a business turnover of 87 lots.
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Similarly, the oil for delivery in December added 50 paise, or 0.11%, to Rs 454 per 10 kg in 124 lots.
Analysts said besides rising demand in the spot market, restricted arrivals from producing belts kept crude palm oil prices higher at futures trade.