Crude Palm Oil Up 0.31% On Spot Demand

crude palm oil spot demand
Crude palm oil futures were up by 0.31 per cent at Rs 408.40 per 10 kg in futures trade today after participants created speculative positions amid rising demand in the spot markets.

At the Multi Commodity Exchange crude palm oil for November rose by Rs 1.30, or 0.31 per cent, to Rs 408.40 per 10 kg, with a trading volume of 330 lots.

Similarly, the oil for delivery in October moved up by 80 paise, or 0.19 per cent, to Rs 405.60 per 10 kg, with a business volume of 123 lots.

Analysts said speculative positions built-up by participants following pick-up in spot demand mainly led to rise in crude palm oil prices at futures trade.

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