Crude palm oil prices recovered by 0.68 per cent to Rs 576 per 10 kg in futures trade today as traders built up fresh positions, driven by uptick in demand at the domestic spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in February month rose by Rs 3.90, or 0.68 per cent to Rs 576 per 10 kg in business turnover of 31 lots.
On similar lines, the oil for delivery in January contracts traded lower by Rs 3.70, or 0.64 per cent to Rs 585.10 per 10 kg in 93 lots.
Analysts said fresh positions created by participants due to pick up in demand in the spot market against restricted supplies from producing regions mainly influenced crude palm oil prices at futures trade.
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