Amid pick up in domestic demand and restricted supplies from producing belts, crude palm oil prices recovered 0.29 per cent to Rs 378 per 10 kg in futures trade today as speculators created fresh position.
At the Multi Commodity Exchange, crude palm oil for delivery in September edged up Rs 1.10 or 0.29 per cent to Rs 378 per 10 kg in a business turnover of 53 lots.
Similarly, the oil for delivery in October contracts traded higher by 50 paise, or 0.13 per cent to Rs 383.30 per 10 kg in 3 lots.
Market analysts said fresh positions built up by speculators after pick up in demand in the spot market, mainly helped crude palm oil prices to trade higher at futures trade.
