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Robust demand lifts crude palm oil futures by 0.48%

Press Trust of India  |  New Delhi 

Crude palm prices went up by 0.48 per cent to Rs 543.60 per 10 kg in futures trading today as speculators created fresh positions after uptick in demand in the spot market.

At the Multi Commodity Exchange, crude palm for delivery in September moved up by Rs 2.60, or 0.48 per cent to Rs 543.60 per 10 kg in business turnover of 247 lots.

Likewise, the for delivery in October contracts was trading higher by Rs 2.30, or 0.43 per cent to R 542.90 per 10 kg in 108 lots.

Analysts said fresh positions built up by participants due to uptick in demand in the spot market against restricted supplies from growing regions, mainly helped crude palm oil prices to trade higher at futures trade.

Firming trend overseas also supported the upmove, they said.

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

First Published: Wed, September 13 2017. 11:28 IST