Crude palm oil prices were up by 0.72 per cent to Rs 583 per 10 kg in futures trade today as traders built up fresh positions, supported by pick up in demand at the domestic spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in January rose by Rs 4.20, or 0.72 per cent, to Rs 583 per 10 kg in a business turnover of 139 lots.
Similarly, the oil for delivery far-month February went up by Rs 3.60, or 0.63 per cent, to Rs 575 per 10 kg in 11 lots.
Analysts said widening of positions by participants driven by pick up in demand in the spot market against tight stocks position due to restricted supplies from producing regions mainly kept crude palm oil prices higher at futures trade.
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