Crude palm oil up by 0.1% on spot demand

Crude palm oil prices were up by 0.15% to Rs 390.30 per 10 kg in futures trade today as participants built up fresh positions, driven by pick up in demand at the spot market.

At Multi Commodity Exchange, crude palm oil for delivery in September traded higher by 60 paise, or 0.15% to Rs 390.30 per 10 kg in business turnover of 22 lots.

On similar lines, the oil for delivery in October contracts edged higher by 10 paise, or 0.03%, to Rs 389.20 per 10 kg in 34 lots.

Market analysts said fresh positions built up by traders due to pick up in demand at the spot market mainly influenced crude palm oil prices in futures trade.