Rising for the fourth straight day, crude palm oil prices advanced 0.26 per cent to Rs 389.70 per 10 kg in futures trade today as participants widened positions, tracking a firm trend at spot market on rising demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October gained Re 1 or 0.26 per cent to Rs 389.70 per 10 kg in a business turnover of 95 lots.
In a similar fashion, the oil for delivery in September contracts edged up 80 paise or 0.21 per cent to Rs 386.90 per 10 kg in 514 lots.
Market analysts said apart from a firm trend at spot market on rising demand, restricted supplies from producing belts and higher global cues kept crude palm oil prices higher at futures trade.
