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Amidst rising domestic demand, crude palm oil prices moved up by 0.23% to Rs 528 per 10 kg in futures trade today as speculators created positions.
At the Multi Commodity Exchange, crude palm oil for delivery in July gained Rs 1.20, or 0.23% to Rs 528 per 10 kg in business turnover of 35 lots.
Similarly, the oil for delivery in August contract edged up by Re one, or 0.19% to Rs 515 per 10 kg in 24 lots.
Market analysts said the rise in crude palm oil prices at futures trade was mostly attributed to increased positions built-up by speculators following rising demand in the spot market amid tight supplies from producing regions.
