Crude palm oil were up by 0.49 per cent to Rs 553.60 per 10 kg in futures trading today as traders built up fresh positions, taking positive cues from the spot market on pick up in demand.
At the Multi Commodity Exchange, crude palm oil for delivery in far-month December rose by Rs 2.70, or 0.49 per cent to Rs 553.60 per 10 kg in business turnover of 33 lots.
Similarly, the oil for delivery in November went up by Rs 2.20, or 0.40 per cent to Rs 552.80 per 10 kg in 127 lots.
Analysts said fresh positions created by participants on the back of rise in demand in the physical market against restricted supplies from producing regions mainly influenced crude palm oil prices at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
