Crude palm oil remained higher and prices edged up by another 0.13 per cent to Rs 537 per 10 kg in futures trading today as traders engaged in building up positions, tracking a firm trend at spot market on strong demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October edged higher by 70 paise, or 0.13 per cent to Rs 537 per 10 kg in business turnover of 122 lots.
Similarly, the oil for delivery in November traded higher by 40 paise, or 0.08 per cent to Rs 533.70 per 10 kg in 45 lots.
Analysts said widening of positions by participants on the back of strong demand in the physical market against tight stocks position on fall supplies from producing regions mainly kept crude palm oil prices higher in futures trade.
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