Crude palm oil prices went up by 0.31 per cent to Rs 541.50 per 10 kg in futures trade today as speculators enlarged positions, taking positive cues from spot market on strong demand.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 1.70, or 0.31 per cent to Rs 541.50 per 10 kg in business turnover of 66 lots.
Likewise, the oil for delivery in October edged up by Rs 1.20, or 0.22 per cent to Rs 538.60 per 10 kg in 79 lots.
Analysts said expanding of positions by participants following pick up in demand in the spot market against restricted supplies from producing regions, mainly kept crude palm oil prices higher at futures trade.
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