Crude palm oil rises by 0.6% on good demand

Tight supplies from producing regions also influenced prices

Crude palm oil prices rose by Rs 2.50 or 0.58% to Rs 430.50 per 10 kg in futures trading today, largely in tandem with a firming trend at spot markets on good demand.

At the Multi Commodity Exchange, crude palm oil for delivery in December month moved up by Rs 2.50, or 0.58% to Rs 430.50 per 10 kg in business turnover of 98 lots.

The oil for delivery in January traded higher by Rs 2.40, or 0.55% to Rs 437 per 10 kg in 49 lots.

Analysts said apart from a firming trend at spot market on pick-up in demand, tight supplies from producing regions, influenced crude palm oil prices at futures trade.