 "Palm oil up 0.8% on spot demand")
Extending gains for the second day, crude palm oil futures advanced by 0.88% to Rs 445.30 per 10 kg in futures market today as speculators enlarged positions.
At the Multi Commodity Exchange, crude palm oil for delivery in September moved up by Rs 3.90, or 0.88%, to Rs 445.30 per 10 kg in a business turnover of 236 lots.
Likewise, the oil for delivery in October traded higher by Rs 3.70, or 0.87%, to Rs 430.30 per 10 kg in 111 lots.
Analysts said apart from firming trend at spot market on strong demand, restricted arrivals from producing regions influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in September moved up by Rs 3.90, or 0.88%, to Rs 445.30 per 10 kg in a business turnover of 236 lots.
Likewise, the oil for delivery in October traded higher by Rs 3.70, or 0.87%, to Rs 430.30 per 10 kg in 111 lots.
Analysts said apart from firming trend at spot market on strong demand, restricted arrivals from producing regions influenced crude palm oil prices at futures trade.
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