Crude palm oil futures gain 0.27% on demand pick-up

Amid a pick-up in domestic demand and restricted arrivals from producing regions, crude palm oil continued its upward trend for the fourth straight day by rising 0.27 per cent to Rs 402.90 per 10 kg in futures trade today.
At the Multi Commodity Exchange, crude palm oil for delivery in October edged up by Rs 1.10, or 0.27 per cent to Rs 402.90 per 10 kg in a business turnover of 111 lots.
On similar lines, the oil for delivery in September contracts was trading marginally higher by 20 paise, or 0.05 per cent, at Rs 408 per 10 kg in 49 lots.

Analysts said increased positions built up by traders driven by pick-up in demand in the spot market against restricted supplies from producing regions mainly kept crude palm oil prices higher.