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Snapping its three-day losing streak, crude palm oil prices recovered by 0.30% to Rs 562.50 per 10 kg in futures trading today as speculators created fresh positions after a rise in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in November rose by Rs 1.70, or 0.30% to Rs 562.50 per 10 kg in business turnover of 74 lots.
Likewise, the oil for delivery in December traded higher by Rs 1.50, or 0.27%, to Rs 562.80 per 10 kg in 83 lots.
Analysts said the rise in crude palm oil at futures trade was mostly attributed to fresh positions created by speculators driven by rising demand in the spot market.
