 "Crude palm oil rise by 0.5% on spot demand")
Crude palm oil rose by 0.48% to Rs 837 per 10 kg in futures trade today as speculators created fresh positions amid pick-up in demand in spot market.
At Multi Commodity Exchange, crude palm oil for delivery in April rose by Rs 2.10, or 0.48%, to Rs 437 per 10 kg in a business turnover of 117 lots.
Similarly, the oil for delivery in March gained Re 1, or 0.23%, to Rs 434.80 per 10 kg in 36 lots.
Analysts said fresh positions built up by speculators, supported by pick-up in demand in the spot market against restricted supplies from producing belts, mainly led to the rise in crude palm oil prices at futures trade.
At Multi Commodity Exchange, crude palm oil for delivery in April rose by Rs 2.10, or 0.48%, to Rs 437 per 10 kg in a business turnover of 117 lots.
Similarly, the oil for delivery in March gained Re 1, or 0.23%, to Rs 434.80 per 10 kg in 36 lots.
Analysts said fresh positions built up by speculators, supported by pick-up in demand in the spot market against restricted supplies from producing belts, mainly led to the rise in crude palm oil prices at futures trade.