 "Crude palm oil rises 0.24% as demand picks up")
Supported by rising demand in the spot markets, crude palm oil traded higher by 0.24 per cent at Rs 539.10 per 10 kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in May rose by Rs 1.30, or 0.24 per cent, to Rs 539.10 per 10 kg in business turnover of 97 lots.
The June contract edged up by the same margin to Rs 535.30 per 10 kg in 203 lots.
Analysts said fresh positions created by speculators driven by rising demand in spot markets against tight supplies mainly helped crude palm oil prices to rise at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in May rose by Rs 1.30, or 0.24 per cent, to Rs 539.10 per 10 kg in business turnover of 97 lots.
The June contract edged up by the same margin to Rs 535.30 per 10 kg in 203 lots.
Analysts said fresh positions created by speculators driven by rising demand in spot markets against tight supplies mainly helped crude palm oil prices to rise at futures trade.
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