Amid rising domestic demand and restricted supplies from producing regions, crude palm oil prices were up further by 0.22 per cent to Rs 502 per 10 kg in futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, crude palm oil for delivery in June edged up by Rs 1.10, or 0.22 per cent to Rs 502 per 10 kg in business turnover of 78 lots.
On similar lines, the oil for delivery in May contracts traded higher by 80 paise, or 0.16 per cent to Rs 513.90 per 10 kg in 48 lots.
Analysts said widening of positions by participants, tracking a firm trend at spot market on strong demand against tight stocks position on fall in arrivals from producing belts, mainly kept crude palm oil prices higher at futures trade.
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