Crude palm oil rise 0.52% in futures trade

Crude palm oil prices were up by 0.52 per cent to Rs 514.10 per 10 kg in futures trade today as traders created fresh positions, supported by pick up in demand at the spot market.
Besides, tight stocks position on fall in supplies from producing belts too fuelled the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in June month rose by Rs 2.70, or 0.52 per cent, to Rs 514.10 per 10 kg, in a business turnover of 381 lots.
Similarly, the oil for delivery this month went up by Rs 1.30, or 0.25 per cent, to Rs 521.50 per 10 kg in 100 lots.

Analysts said widening of positions by participants driven by pick up in demand in the spot market against tight stocks position on restricted supplies from producing regions mainly kept crude palm oil prices higher at futures trade.