Crude palm oil prices advanced by 0.18 per cent to Rs 567.50 per 10 kg in futures trade today as participants engaged in widening their bets, tracking a firm trend at spot market on strong demand.
At the Multi Commodity Exchange, crude palm oil for delivery in far-month March edged up by Re 1, or 0.18 per cent to Rs 567.50 per 10 kg in business turnover of 14 lots.
Likewise, the oil for delivery in February contracts traded higher by 90 paise, or 0.16 per cent to Rs 579.40 per 10 kg in 93 lots.
Analysts said raising of bets by traders, driven by rising demand in the spot market against tight stocks position on fall in supplies from producing regions, mainly kept crude palm oil prices higher at futures trade.
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