Crude palm oil prices went up by 0.29 per cent to Rs 513.50 per 10 kg in futures trade today as speculators created fresh positions amid uptick in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 1.50, or 0.29 per cent to Rs 513.50 per 10 kg in business turnover of 132 lots.
Similarly, the oil for delivery in August contracts edged up by 40 paise, or 0.08 per cent to Rs 517.40 per 10 kg in 21 lots.
Market analysts attributed the rise in crude palm oil futures to fresh positions built up by traders due to pick up in demand in the spot market, mainly influenced crude palm oil prices at futures trade.
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