Crude palm oil prices recovered by 0.19 per cent to Rs 521.40 per 10 kg in futures trade today as speculators built up fresh positions after pick up in demand in the spot market against tight supplies.
At the Multi Commodity Exchange, crude palm oil for delivery in December rose by Rs 1 or 0.19 per cent to Rs 521.40 per 10 kg in business turnover of 11 lots.
Similarly, the oil for delivery in November contracts edged up by 80 paise or 0.15 per cent to Rs 519.20 per 10 kg in 89 lots.
Analysts attributed rise in crude palm oil prices at futures trade to fresh positions created by participants following pick-up in demand in the spot market against tight stocks position on restricted supplies from producing regions.
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