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Spot demand lifts crude palm oil futures 0.19 pc

Press Trust of India  |  New Delhi 

Crude palm prices were trading up by 0.19 per cent to Rs 532.40 per 10 kg in futures trading today as speculators created fresh positions following pick-up in demand in the spot market.

Besides, tight stocks position on restricted arrivals from producing regions, fuelled the uptrend.

At the Multi Commodity Exchange, crude palm for delivery in September went up by Re 1, or 0.19 per cent, to Rs 532.40 per 10 kg in a business turnover of 113 lots.

The for delivery in October traded higher by a similar margin to Rs 531.30 per 10 kg in 25 lots.

Analysts said, fresh positions built up by speculators after uptick in demand in the spot market against restricted supplies from growing 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: Mon, September 11 2017. 11:02 IST