Crude palm oil 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 oil 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 oil 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.
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