Festive season demand lifts crude palm oil futures
At the Multi Commodity Exchange, crude palm oil for September gained Rs 3.40, or 0.86 per cent, to Rs 396.90 per 10 kg, with a trading volume of 228 lots.
Similarly, the oil for delivery in August edged higher by Rs 3.10, or 0.79 per cent, to Rs 392.90 per 10 kg, with a business volume of 162 lots.
Analysts said the rise in crude palm oil prices in futures trade was mostly attributed to fresh positions built up by speculators, triggered by festive season.