Amid pick up in domestic demand at the spot market, restricted supplies from producing belts, crude palm oil prices went up by 0.91 per cent to Rs 519 per 10 kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 4.70, or 0.91 per cent to Rs 519 per 10 kg in business turnover of 165 lots.
Similarly, the oil for delivery in August contracts was trading higher by Rs 4.20, or 0.82 per cent to Rs 519 per 10 kg in 97 lots.
Analysts said fresh positions built up by participants following pick up in demand in the physical markets against restricted arrivals from growing regions , mainly led to the rise in crude palm oil prices at futures trade.
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