Uptick in demand lifts crude palm oil futures by 0.12%

Crude palm oil prices were up by 0.12 per cent to Rs 569.90 per 10 kg in futures trade today as participants built up fresh positions, driven by pick up in demand in the spot market.
In futures trade at Multi Commodity Exchange, crude palm oil for delivery in August rose by 70 paise or 0.12 per cent to Rs 569.90 per 10 kg in business turnover of 78 lots.
Likewise, the oil for delivery in September contracts edged up by 40 paise or 0.07 per cent to Rs 562.80 per 10 kg in 154 lots.
Analysts said fresh positions built up by traders after demand picked up at the spot market against restricted supplies from producing belts, mainly influenced crude palm oil prices at futures trade.