Crude palm oil prices edged up by 0.09 per cent to Rs 548 per 10 kg in futures trading today as speculators built up fresh positions, driven by uptick in demand at the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in September traded higher by 50 paise, or 0.09 per cent to Rs 548 per 10 kg in a business turnover of 11 lots.
Analysts attributed the rise in crude palm oil futures to fresh position created by traders due to pick-up in demand in the physical market against restricted supplies from producing belts.
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