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Spot demand lifts crude palm oil futures 0.54 pc

Press Trust of India  |  New Delhi 

Crude palm prices were trading up by 0.54 per cent to Rs 540.10 per kg in futures trading today as speculators built up fresh positions, driven by pick up in demand in the spot market.

At Multi Commodity Exchange, crude palm for delivery in October rose by Rs 2.90, or 0.54 per cent to Rs 540.10 per 10 kg in business turnover of 157 lots.

Similarly, the for delivery in November was trading higher by a similar margin to Rs 536.60 per 10 kg in 59 lots.

Analysts attributed the rise in crude palm oil futures to fresh positions created by traders due to uptick in demand in the spot market against restricted supplies from producing belts.

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

First Published: Mon, October 09 2017. 11:07 IST