 "Crude palm oil up marginally on pick up in demand")
Crude palm oil traded a shade higher at Rs 550.50 per 10 kg in futures market today as speculators created fresh positions amid pick-up in demand in spot markets.
At the Multi Commodity Exchange, crude palm oil for June delivery rose by Rs 3.70, or 0.67 per cent, making it Rs 550.50 per kg, with a trading volume of 136 lots.
Similarly, the oil for delivery in May went up by Rs 3.60, or 0.65 per cent, to Rs 553 per 10 kg, with a business turnover of 129 lots.
Analysts said fresh positions created by speculators following pick-up in demand in spot markets led to a rise in crude palm oil prices at futures market.
At the Multi Commodity Exchange, crude palm oil for June delivery rose by Rs 3.70, or 0.67 per cent, making it Rs 550.50 per kg, with a trading volume of 136 lots.
Similarly, the oil for delivery in May went up by Rs 3.60, or 0.65 per cent, to Rs 553 per 10 kg, with a business turnover of 129 lots.
Analysts said fresh positions created by speculators following pick-up in demand in spot markets led to a rise in crude palm oil prices at futures market.
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