Amid pick up in demand at domestic spot market, crude palm oil prices were up by 0.43 per cent to Rs 587.50 per 10 kg in futures trade today as speculators built up fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in November rose by Rs 2.50, or 0.43 per cent to Rs 587.50 per 10 kg in business turnover of 21 lots.
Likewise, the oil for delivery in December edged up by Rs 1.90, or 0.32 per cent to Rs 589.50 per 10 kg in 36 lots.
Analysts said fresh positions created by participants after uptick in demand in the physical market against tight stock position on restricted supplies from producing regions, mainly led to rise in crude palm oil prices at futures trade.
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