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Crude palm oil futures edge higher by 0.11% on spot demand

Press Trust of India  |  New Delhi 

Crude palm edged up by 0.11 per cent to Rs 534.50 per 10 kg in futures market today as traders created fresh positions after pick up in demand in the spot market.

At the Multi Commodity Exchange, crude palm for delivery in November edged higher by 60 paise, or 0.11 per cent to Rs 534.50 per 10 kg in business turnover of 96 lots.

Likewise, the for delivery in October was enquired up by 50 paise, or 0.09 per cent to Rs 538.60 per 10 kg in 59 lots.

Analysts said fresh positions built up by participants on the back of rise in demand in the physical market against tight stocks position on fall supplies from producing regions mainly influenced crude palm oil prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 11 2017. 11:22 IST