Uptick in demand lifts crude palm oil futures by 0.31 pc

Amid pick-up in domestic demand and restricted supplies from producing belts, crude palm oil prices rose by 0.31 per cent to Rs 522.60 per 10 kg in futures trading today as traders created fresh positions.
At the Multi Commodity Exchange, crude palm oil for November went up by Rs 1.60, or 0.31 per cent to Rs 522.60 per 10 kg in a business turnover of 200 lots.
Likewise, the oil for delivery in October edged up by 10 paise, or 0.02 per cent to Rs 536.30 per 10 kg in 40 lots.
Analysts attributed rise in crude palm oil prices at futures trade to positions created by participants due to pick up in demand in the spot market against restricted supplies from overseas markets.