Palm oil up 0.9% as demand picks up
Oil for delivery in June gained 0.94%
 "Palm oil up 0.9% as demand picks up")
Crude palm oil prices rose 0.98% to Rs 524.50 per 10 kg in futures trading today after speculators built-up positions amid rising demand in spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in July rose by Rs 5.10, or 0.98%, to Rs 524.50 per 10 kg in a business turnover of 77 lots.
In a similar fashion, the oil for delivery in June gained Rs 4.80, or 0.94%, to Rs 527.80 per 10 kg in 31 lots.
Analysts said fresh positions built-up by speculators after demand picked up in the spot market amid restricted supplies influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in July rose by Rs 5.10, or 0.98%, to Rs 524.50 per 10 kg in a business turnover of 77 lots.
In a similar fashion, the oil for delivery in June gained Rs 4.80, or 0.94%, to Rs 527.80 per 10 kg in 31 lots.
Analysts said fresh positions built-up by speculators after demand picked up in the spot market amid restricted supplies influenced crude palm oil prices at futures trade.