Crude palm oil prices were up 1 per cent to Rs 664 per 10 kg in futures trade today as speculators indulged in enlarging positions amid a firm demand at the spot market.
Besides, a firming trend in overseas markets supported the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery this month rose by Rs 6.60, or 1 per cent, to Rs 664 per 10 kg, in a business turnover of 495 lots.
Similarly, the oil for delivery in June went
up by Rs 6, or 0.91 per cent, to Rs 663.70 per 10 kg in 281 lots.
Analysts said widening of positions by participants amid pick-up in demand at the spot market against tight stocks position on restricted supplies from producing regions, mainly kept crude palm oil prices higher at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
