Amid pick-up in demand at domestic spot market and restricted supplies from producing belts, crude palm oil prices were up by 0.22 per cent to Rs 503.90 per 10 kg in futures trading today as participants built up fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in July edged higher by Rs 1.10, or 0.22 per cent to Rs 503.90 per 10 kg in a business turnover of 20 lots.
Likewise, the oil for delivery in far-month August edged up by 70 paise, or 0.14 per cent to Rs 500.20 per 10 kg in 1 lot.
Analysts said fresh positions created by traders due to pick-up in the spot market against restricted supplies from producing regions mainly influenced crude palm oil prices at futures trade.
